Group 1: Industrial Production - Overall industrial production in China remains stable, with daily pig iron output and steel plate production increasing week-on-week[1] - The operating rate of some chemical products has improved, while the operating rate of float glass remains stable compared to last week[1] - The operating rates for polyester in textiles and weaving industries have shown seasonal recovery[1] Group 2: Real Estate - New home sales in 30 major cities decreased by 12.5% year-on-year as of August 22, 2025, but improved by 6.1 percentage points compared to the previous month[1] - The second-hand housing listing price index fell by 0.37% week-on-week as of August 11, 2025[1] Group 3: Domestic Demand - Movie box office revenue averaged 176.7 million yuan per day, up 14.9% year-on-year as of August 22, 2025[1] - Retail sales of automobiles increased by 2% year-on-year from August 1-17, 2025, compared to a 7% increase in July[1] - The volume of postal express deliveries grew by 13.5% year-on-year as of August 17, 2025, although it has slightly declined from the previous week[1] Group 4: External Demand - Port cargo throughput increased by 5.4% year-on-year as of August 17, 2025, while container throughput rose by 5.0%[1] - The export container freight rate index decreased by 1.5% week-on-week, indicating a downward trend in shipping costs[1] Group 5: Price Trends - The Nanhua Industrial Index fell by 0.7%, with the black raw materials index dropping by 2.0% this week[1] - Futures prices for rebar decreased by 2.2%, while spot prices fell by 1.5%[1] - Coking coal futures prices dropped by 5.5%, although spot prices in Shanxi rose by 0.3%[1]
中国宏观周报（2025年8月第3周）-20250825
Ping An Securities·2025-08-25 05:31