南华商品指数：能源上涨，多板块下跌

Report Summary 1. Investment Rating The provided content does not mention the industry investment rating. 2. Core View This week, the Nanhua Composite Index dropped 11.09 points, a decline of -0.44%. The most influential varieties were rebar and soda ash. The Nanhua Industrial Products Index fell 27.09 points, a -0.74% decrease, with soda ash and rebar being the most influential. The Nanhua Metal Index decreased by 101.15 points, a -1.56% decline, and rebar had the greatest influence. The Nanhua Energy and Chemical Index dropped 4.31 points, a -0.26% fall, with soda ash being the most influential. The Nanhua Agricultural Products Index declined 5.26 points, a -0.47% decrease, and soybean meal had the greatest influence [1][2]. 3. Summary by Directory 3.1 Weekly Data Overview - Composite Index (NHCI): Closed at 2525.13 this week, down 11.09 points (-0.44%) from last week. The maximum was 2536.21, and the minimum was 2511.88, with a volatility of 24.33 [3]. - Precious Metals Index (NHPMI): Closed at 1250.91, down 2.94 points (-0.23%) from last week. The maximum was 1258.59, and the minimum was 1242.01, with a volatility of 16.58 [3]. - Industrial Products Index (NHII): Closed at 3630.95, down 27.09 points (-0.74%) from last week. The maximum was 3658.04, and the minimum was 3610.11, with a volatility of 47.93 [3]. - Metal Index (NHMI): Closed at 6365.05, down 101.15 points (-1.56%) from last week. The maximum was 6466.21, and the minimum was 6365.05, with a volatility of 101.15 [3]. - Energy and Chemical Index (NHECI): Closed at 1683.37, down 4.31 points (-0.26%) from last week. The maximum was 1687.68, and the minimum was 1667.62, with a volatility of 20.06 [3]. - Non - ferrous Metals Index (NHNFI): Closed at 1691.68, down 22.82 points (-1.33%) from last week. The maximum was 1714.49, and the minimum was 1691.68, with a volatility of 22.82 [3]. - Black Index (NHFI): Closed at 2535.84, down 53.54 points (-2.07%) from last week. The maximum was 2589.38, and the minimum was 2535.45, with a volatility of 53.93 [3]. - Agricultural Products Index (NHAI): Closed at 1107.04, down 5.26 points (-0.47%) from last week. The maximum was 1114.54, and the minimum was 1103.62, with a volatility of 10.92 [3]. 3.2 Nanhua Index Arbitrage Data The report provides data on the ratio of various Nanhua sector indices and the ranking of these ratios in historical periods. For example, the ratio of the Precious Metals Index to the Composite Index changed from 0.495 to 0.494, with a change of -0.001008142 and a ranking of 0.810 [6]. 3.3 Contribution of Each Variety to Index Fluctuations - Nanhua Industrial Products Index: The most influential varieties were soda ash (contribution of -0.21%) and rebar (contribution of -0.2%) [2]. - Nanhua Metal Index: Rebar had the greatest contribution of -0.4% [2]. - Nanhua Energy and Chemical Index: Soda ash contributed -0.31% [2]. - Nanhua Agricultural Products Index: Soybean meal contributed -0.18% [2].