关注美国新关税对上游价格影响

Report Industry Investment Rating - Not mentioned in the provided content Core Viewpoints - Attention should be paid to the impact of new US tariffs on upstream prices, including the suspension of minimum tax - free treatment for low - value goods and the change in coal prices [1] - Keep an eye on the progress of the downstream parenting consumption policy in the service industry, with localities set to open parenting subsidy applications in late August [1] Summary by Relevant Catalogs Production Industry - On July 30 (local time), US President Trump signed an executive order to suspend the minimum tax - free treatment for low - value goods. Starting from August 29, applicable tariffs will be levied on imported goods worth $800 or less sent by non - international postal network methods, and parcels sent via the international postal system will be taxed according to ad - valorem or specific duties [1] - In mid - July, coal inventories at main production and transfer areas continued to decline, while downstream steel and coking enterprises had good procurement enthusiasm and their inventories increased steadily. Domestic coal prices rose, and international coal prices fluctuated. In late July, the spot price of 5500 - kcal thermal coal at Bohai Rim ports was about 650 yuan/ton, up 30 yuan/ton from the end of June; the comprehensive price of coking and fat coal in Shanxi was 1290 yuan/ton, up 170 yuan/ton from the end of June [1] Service Industry - The State Council Information Office held a press conference to introduce the parenting subsidy system and fertility support measures. Localities will open parenting subsidy applications in late August, and localities with higher subsidy standards than the national standard can continue to implement them after evaluation and filing [1] Upstream - Energy: International oil prices rose [2] - Black: Prices of glass and rebar increased [2] Mid - stream - Chemical: The operating rate of PX decreased [3] Downstream - Real estate: Seasonal decline in commercial housing sales in first - and second - tier cities [3] - Service: An increase in the number of domestic flights during the summer vacation [3] Industry Credit Spread Tracking - Data shows the credit spreads of various industries as of July 2, including industries such as agriculture, forestry, animal husbandry and fishery, mining, chemical, etc., with different trends and quantiles [46] Key Industry Price Index Tracking - It includes price indicators of multiple industries such as agriculture, non - ferrous metals, energy, chemical, real estate, etc., showing the price, frequency, update time, year - on - year change and 5 - day trend of each indicator as of July 30 [47]