Hua Tai Qi Huo·2025-09-02 07:47Report Summary Core Views - The report focuses on the development of mid - stream high - tech industries and provides an overview of mid - level events and industry trends across different sectors [1]. Industry Overview Upstream - In the chemical industry, the PTA price has declined; in the agricultural sector, the palm oil price has dropped; and in the black metal industry, the rebar price has fallen [3]. Mid - stream - The PTA operating rate in the chemical industry has decreased, and the coal consumption of power plants in the energy sector has shown no significant change recently [3]. Downstream - The sales of commercial housing in first - and second - tier cities in the real estate industry have seasonally declined, and the number of domestic flights in the service industry has decreased [4]. Mid - level Event Summary Production Industry - On September 1st, new energy vehicle manufacturers announced their August delivery data, with overall growth. Leapmotor, XPeng, and NIO achieved new monthly delivery highs, while Li Auto's monthly delivery decreased for three consecutive months due to product transition and sales - service system adjustment. In August, Leapmotor led with 57,066 units delivered, a year - on - year increase of over 88%, while Li Auto delivered 28,529 vehicles, a year - on - year decrease of 40.72% and a month - on - month decrease of 7.17% [1]. - The Standardization Administration of China and the Ministry of Industry and Information Technology issued the "Plan for the Construction of a High - Quality Standard System for Machine Tools", aiming to basically establish a high - quality standard system for machine tools by 2026, with at least 300 standards formulated or revised, at least 5 international standards led in formulation or revision, and an international standard conversion rate of 90% [1]. Service Industry - A commemorative event for the 80th anniversary of the victory of the Chinese People's War of Resistance against Japanese Aggression and the World Anti - Fascist War will be held on September 3rd. The parade will last about 70 minutes, with 45 formations (echelons) demonstrating the military's modern combat capabilities [2]. Key Industry Price Indicators | Industry Name | Indicator Name | Unit | Price on 9/1 | YoY | | --- | --- | --- | --- | --- | | Agriculture | Spot price: Corn | Yuan/ton | 2301.4 | - 0.31% | | Agriculture | Spot price: Eggs | Yuan/kg | 6.5 | - 0.77% | | Agriculture | Spot price: Palm oil | Yuan/ton | 9404.0 | - 2.43% | | Agriculture | Spot price: Cotton | Yuan/ton | 15478.7 | 1.59% | | Agriculture | Average wholesale price: Pork | Yuan/kg | 20.0 | - 0.50% | | Non - ferrous metals | Spot price: Copper | Yuan/ton | 79993.3 | 0.98% | | Non - ferrous metals | Spot price: Zinc | Yuan/ton | 22076.0 | - 1.01% | | Non - ferrous metals | Spot price: Aluminum | Yuan/ton | 20636.7 | - 0.75% | | Non - ferrous metals | Spot price: Nickel | Yuan/ton | 124566.7 | 2.31% | | Ferrous metals | Spot price: Rebar | Yuan/ton | 3180.0 | - 2.45% | | Ferrous metals | Spot price: Iron ore | Yuan/ton | 794.0 | - 0.24% | | Ferrous metals | Spot price: Wire rod | Yuan/ton | 3377.5 | - 0.81% | | Non - metals | Spot price: Natural rubber | Yuan/ton | 14958.3 | - 0.11% | | Non - metals | China Plastic City Price Index | - | 803.4 | - 0.16% | | Energy | Spot price: WTI crude oil | US dollars/barrel | 64.0 | 0.55% | | Energy | Spot price: Brent crude oil | US dollars/barrel | 67.5 | - 0.37% | | Energy | Spot price: Liquefied natural gas | Yuan/ton | 3936.0 | 0.66% | | Energy | Coal price: Coal | Yuan/ton | 783.0 | 0.00% | | Chemical | Spot price: PTA | Yuan/ton | 4755.5 | - 2.05% | | Chemical | Spot price: Polyethylene | Yuan/ton | 7445.0 | 0.07% | | Chemical | Spot price: Urea | Yuan/ton | 1707.5 | - 0.29% | | Chemical | Spot price: Soda ash | Yuan/ton | 1290.0 | 0.00% | | Building materials | Cement price index: National | Points | 129.6 | - 0.74% | | Building materials | Building materials composite index | Points | 113.7 | - 1.33% | | Real estate | Concrete price index: National | Points | 93.0 | 0.00% | [36]