Report Industry Investment Rating No relevant information provided. Core Viewpoints - Starting from 12:01 on May 14, 2025, the additional tariff rate on US imports will be adjusted from 34% to 10%, and the 24% additional tariff rate on the US will be suspended for 90 days [1] - Since April, over 50 small and medium-sized banks have continued to follow up on deposit rate cuts. The 1-year deposit rate of Xinjiang Korla Fumin Village Bank is higher than the 5-year rate, showing an extreme interest rate inversion [1] - The international oil price has risen significantly compared to last Friday, the soda ash price fluctuates, and the prices of cement and building materials continue to decline [2] - The PTA operating rate has rebounded, while the PX operating rate has recently declined; the asphalt operating rate in infrastructure has been rising [2] - The sales of commercial housing in second and third-tier cities are the same as the same period last year, at a near three-year low, and the number of domestic flights has decreased compared to the same period [2] - The credit spread across the industry has recently declined slightly [3] Summaries by Related Catalogs Production Industry - The additional tariff rate on US imports will be adjusted from 34% to 10% starting from 12:01 on May 14, 2025, with a 90-day suspension of the 24% additional tariff rate [1] Service Industry - Since April, over 50 small and medium-sized banks have cut deposit rates. Xinjiang Korla Fumin Village Bank has an extreme interest rate inversion with a 1-year rate higher than the 5-year rate [1] Upstream - Energy: The international oil price has risen significantly compared to last Friday [2] - Chemical: The soda ash price fluctuates [2] - Building Materials: The prices of cement and building materials continue to decline [2] Midstream - Chemical: The PTA operating rate has rebounded, and the PX operating rate has recently declined [2] - Infrastructure: The asphalt operating rate has been rising [2] Downstream - Real Estate: The sales of commercial housing in second and third-tier cities are the same as the same period last year, at a near three-year low [2] - Service: The number of domestic flights has decreased compared to the same period [2] Market Pricing - The credit spread across the industry has recently declined slightly [3] Industry Credit Spread Tracking - The credit spreads of various industries have different trends, with some rising and some falling [47] Key Industry Price Index Tracking - The prices of various industries have different trends, with some rising and some falling. For example, the spot price of WTI crude oil has increased by 8.44%, while the spot price of soda ash has decreased by 2.66% [48]
关注关税战后上游原材料价格变动
Hua Tai Qi Huo·2025-05-14 03:35