宏观日报：关注有色上游价格波动-20251010

Group 1: Industry Overview Upstream - Black: Glass prices are rising [2] - Agriculture: Egg prices have significantly declined [2] - Non - ferrous: Copper prices are rising [2] Midstream - Chemical: PX operating rate has declined, while urea operating rate is rising; PX operating rate was at a high level [2] - Energy: Power plant coal consumption is at a low level [2] Downstream - Real estate: The sales of commercial housing in first - and second - tier cities have slightly recovered [2] - Service: The number of domestic flights is at a three - year high due to holidays [2] Group 2: Industry Events Production Industry - On October 9, 2025, the Ministry of Commerce and the General Administration of Customs issued 4 announcements to implement export controls on items such as super - hard materials, some rare - earth equipment and raw materials, some medium - heavy rare earths, lithium batteries, and artificial graphite anode materials [1] - On October 9, three departments including the Ministry of Industry and Information Technology issued an announcement on the technical requirements for new energy vehicles eligible for vehicle purchase tax exemption from 2026 - 2027, adjusting the technical requirements for pure - electric passenger cars and plug - in (including extended - range) hybrid passenger cars [1] Service Industry - China and India will resume direct flights by the end of October this year [1] Group 3: Key Data - On October 9, the spot price of corn was 2237.1 yuan/ton, down 2.12% year - on - year; the spot price of eggs was 6.3 yuan/kg, down 12.93%; the spot price of palm oil was 9598.0 yuan/ton, up 4.03%; the spot price of cotton was 14764.2 yuan/ton, down 0.84%; the average wholesale price of pork was 18.6 yuan/kg, down 3.47%; the spot price of copper was 85823.3 yuan/ton, up 7.20%; the spot price of zinc was 22140.0 yuan/ton, up 1.45% [33] - For non - ferrous metals, on October 9, the spot price of aluminum was 20970.0 yuan/ton, up 1.34%; the spot price of nickel was 124000.0 yuan/ton, down 0.32%; another spot price of aluminum was 16868.8 yuan/ton, down 0.95%; the spot price of rebar was 3174.5 yuan/ton, down 0.64% [33] - For other metals, on October 9, the spot price of iron ore was 792.2 yuan/ton, down 1.94%; the spot price of wire rod was 3357.5 yuan/ton, down 0.52%; the spot price of glass was 15.6 yuan/square meter, up 3.45% [33] - For non - metals, on October 9, the spot price of natural rubber was 14758.3 yuan/ton, down 1.34%; the China Plastic City price index was 788.5, down 0.21% [33] - For energy, on October 9, the spot price of WTI crude oil was 62.6 dollars/barrel, down 1.42%; the spot price of Brent crude oil was 66.3 dollars/barrel, down 1.25%; the spot price of liquefied natural gas was 3762.0 yuan/ton, down 2.39%; the coal price was 791.0 yuan/ton, down 0.25% [33] - For chemicals, on October 9, the spot price of PTA was 4564.5 yuan/ton, down 0.18%; the spot price of polyethylene was 7348.3 yuan/ton, up 0.02%; the spot price of urea was 1583.8 yuan/ton, down 4.31%; the spot price of soda ash was 1262.5 yuan/ton, unchanged; the national cement price index was 135.4, up 0.44% [33] - For real estate, on October 9, the building materials composite index was 113.0 points, down 1.22%; the national concrete price index was 91.7 points, down 0.02% [33]