Report Industry Investment Rating No relevant content provided. Core Viewpoints - Pay attention to the advancement of the new energy upstream raw material production in the production industry and the promotion of financial industry opening - up policies in the service industry [1][2] - Monitor the trends of upstream, mid - stream, and downstream industries, as well as the recent slight decline in credit spreads of the pharmaceutical and chemical industries [3][4][5][6] Summary by Related Catalogs 1. Mid - view Event Overview Production Industry - The "Fujian Province Hydrogen Energy Industry Innovation and Development Medium - and Long - Term Plan (2025 - 2035)" aims to achieve a green hydrogen production capacity of 30,000 tons/year and a hydrogen - based green fuel production capacity of 100,000 tons/year with a total hydrogen energy industry output value exceeding 60 billion yuan/year from 2025 - 2030. From 2030 - 2035, it aims to form an industrial system with diverse application scenarios and a total output value exceeding 300 billion yuan/year [1] Service Industry - The State Administration of Foreign Exchange drafted the "Notice on Deepening the Reform of Cross - border Investment and Financing Foreign Exchange Management (Draft for Comment)" involving three aspects: deepening cross - border investment foreign exchange management reform, cross - border financing foreign exchange management reform, and optimizing the facilitation of capital project income payments [2] - At the 2025 Lujiazui Forum, the central bank governor announced eight major financial opening - up measures in Shanghai, including setting up a transaction reporting repository, a digital RMB international operation center, a personal credit reporting agency, etc. [2] 2. Industry Overview Upstream - International crude oil prices are continuously rising, while egg prices are continuously falling [3] Mid - stream - The PX operating rate is at a high level, and the urea operating rate is continuously rising [4] Downstream - The sales of commercial housing in first - and second - tier cities are the same as the same period last year and at a near - three - year low. Domestic flight frequencies are cyclically decreasing [5] 3. Market Pricing - The credit spreads of the pharmaceutical and chemical industries have recently declined slightly [6] 4. Industry Credit Spread Tracking (as of 6/18) | Industry | Last Year's Same Period | One Month Ago | Last Week | This Week | Quantile | | --- | --- | --- | --- | --- | --- | | Agriculture, Forestry, Animal Husbandry and Fishery | 60.79 | 66.88 | 59.28 | 56.87 | 0.00 | | Mining | 32.93 | 44.31 | 39.39 | 39.73 | 10.20 | | Chemical Industry | 71.19 | 59.18 | 20.99 | 50.48 | 0.20 | | Steel | 39.49 | 21.93 | 46.91 | 48.18 | 12.10 | | Non - ferrous Metals | 41.14 | 55.28 | 51.00 | 20.59 | 11.60 | | Electronics | 58.53 | 68.99 | 28.89 | 64.45 | 19.00 | | Automobile | 58.68 | 46.21 | 41.64 | 41.55 | 0.90 | | Household Appliances | 40.37 | 49.64 | 46.68 | 48.10 | 15.00 | | Food and Beverage | 40.25 | 41.59 | 36.25 | 37.52 | 4.20 | | Textile and Apparel | 48.03 | 51.98 | 51.69 | 52.77 | 12.20 | | Light Industry Manufacturing | 46.71 | 159.30 | 145.95 | 146.85 | 7.60 | | Pharmaceutical and Biological | 52.64 | 68.67 | 59.40 | 57.89 | 7.30 | | Public Utilities | 24.62 | 30.71 | 27.04 | 26.96 | 9.40 | | Transportation | 30.29 | 34.77 | 31.18 | 31.11 | 6.10 | | Real Estate | 219.38 | 117.08 | 103.67 | 102.13 | 4.80 | | Commerce and Trade | 42.35 | 47.40 | 41.84 | 42.96 | 5.60 | | Leisure Services | 75.74 | 122.67 | 122.09 | 123.60 | 98.70 | | Banking | 26.58 | 18.03 | 18.01 | 17.09 | 2.60 | | Non - banking Finance | 26.45 | 31.70 | 29.51 | 29.12 | 6.60 | | Comprehensive | 66.51 | 47.54 | 42.20 | 42.27 | 2.00 | | Building Materials | 33.99 | 43.29 | 38.25 | 39.05 | 9.90 | | Building Decoration | 40.92 | 53.96 | 60.30 | 51.44 | 11.90 | | Electrical Equipment | 48.87 | 80.41 | 79.15 | 80.50 | 45.40 | | Machinery and Equipment | 29.54 | 46.61 | 43.99 | 44.63 | 27.30 | | Computer | 66.64 | 55.32 | 46.46 | 48.05 | 0.40 | | Media | 232.69 | 42.80 | 39.69 | 40.20 | 1.50 | | Communications | 29.66 | 24.94 | 25.36 | 26.40 | 2.80 | [51] 5. Key Industry Price Index Tracking (as of 6/17) | Industry Name | Index Name | Frequency | Unit | Update Time | Current Value | Year - on - Year | 5 - day Trend | | --- | --- | --- | --- | --- | --- | --- | --- | | Agriculture | Spot price of corn | Daily | Yuan/ton | 6/17 | 2335.7 | 1.18% | | | | Spot price of eggs | Daily | Yuan/kg | 6/17 | 5.6 | - 3.95% | | | | Spot price of palm oil | Daily | Yuan/ton | 6/17 | 8848.0 | 2.53% | | | | Spot price of cotton | Daily | Yuan/ton | 6/17 | 14846.5 | 1.53% | | | | Average wholesale price of pork | Daily | Yuan/kg | 6/17 | 20.2 | - 0.34% | | | | Spot price of copper | Daily | Yuan/ton | 6/17 | 78740.0 | - 0.70% | | | | Spot price of zinc | Daily | Yuan/ton | 6/17 | 22008.0 | - 0.62% | | | Non - ferrous Metals | Spot price of aluminum | Daily | Yuan/ton | 6/17 | 20633.3 | 2.18% | | | | Spot price of nickel | Daily | Yuan/ton | 6/17 | 120008.3 | - 2.34% | | | | Spot price of aluminum | Daily | Yuan/ton | 6/17 | 16800.0 | 0.52% | | | | Spot price of rebar | Daily | Yuan/ton | 6/17 | 3062.3 | - 0.90% | | | Ferrous Metals | Spot price of iron ore | Daily | Yuan/ton | 6/17 | 736.6 | - 0.46% | | | | Spot price of wire rod | Daily | Yuan/ton | 6/17 | 3252.5 | - 0.46% | | | | Spot price of glass | Daily | Yuan/square meter | 6/17 | 13.8 | 0.00% | | | Non - metals | Spot price of natural rubber | Daily | Yuan/ton | 6/17 | 13718.3 | 0.35% | | | | China Plastic City Price Index | Daily | - | 6/17 | 831.1 | 0.81% | | | | Spot price of WTI crude oil | Daily | US dollars/barrel | 6/17 | 71.8 | 9.92% | | | | Spot price of Brent crude oil | Daily | US dollars/barrel | 6/17 | 73.2 | 9.23% | | | Energy | Spot price of liquefied natural gas | Daily | Yuan/ton | 6/17 | 3960.0 | - 0.95% | | | | Coal price | Daily | Yuan/ton | 6/17 | 731.0 | - 2.27% | | | | Spot price of PTA | Daily | Yuan/ton | 6/17 | 5045.0 | 3.37% | | | Chemical Industry | Spot price of polyethylene | Daily | Yuan/ton | 6/17 | 7438.3 | 1.04% | | | | Spot price of urea | Daily | Yuan/ton | 6/17 | 1820.0 | - 0.09% | | | | Spot price of soda ash | Daily | Yuan/ton | 6/17 | 1370.0 | 0.00% | | | | National cement price index | Daily | - | 6/17 | 140.5 | - 0.27% | | | Real Estate | Building materials comprehensive index | Daily | Points | 6/17 | 111.8 | 0.18% | | | | National concrete price index | Daily | Points | 6/17 | 99.0 | - 0.11% | | [52]
关注金融业开放政策推进
Hua Tai Qi Huo·2025-06-19 05:26