宏观日报：关注新兴制造业投资增长-20251030

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core Viewpoints - The central enterprise strategic emerging industry development special fund, initiated by the State - owned Assets Supervision and Administration Commission of the State Council and managed by China National New, was launched in Beijing on the 29th. With an initial scale of 51 billion yuan, it will support strategic emerging industries and future industries [1]. - The Federal Reserve announced a 25 - basis - point cut in the federal funds rate target range to 3.75% - 4.00% on October 30th, and will end the reduction of the overall securities holding scale on December 1st [1]. 3) Summary by Related Catalogs A. Industry Events - Production Industry: The central enterprise strategic emerging industry development special fund will focus on areas like artificial intelligence, aerospace, and high - end equipment [1]. - Service Industry: The Federal Reserve cut interest rates and will end the "balance - sheet reduction" [1]. B. Industry Data - Upstream: Glass prices continued to decline; palm oil prices dropped; liquefied natural gas prices rose [2]. - Mid - stream: PX operating rates remained stable at a high level; power plant coal consumption remained stable at a three - year high [2]. - Downstream: Second - and third - tier city commercial housing sales declined; domestic flight frequencies recovered [2]. C. Key Industry Price Index Tracking - Agriculture: Corn prices decreased by 1.05%; egg prices increased by 1.65%; palm oil prices decreased by 2.31%; cotton prices increased by 0.34%; pork prices increased by 2.33% [35]. - Non - ferrous Metals: Copper prices increased by 3.24%; zinc prices increased by 1.76%; aluminum prices increased by 1.11% and 0.40%; nickel prices decreased by 0.20% [35]. - Ferrous Metals: Iron ore prices increased by 1.94%; wire rod prices increased by 1.29%; glass prices decreased by 5.33% [35]. - Non - metals: Natural rubber prices increased by 1.82%; the China Plastic City price index increased by 0.04% [35]. - Energy: WTI crude oil prices increased by 5.08%; Brent crude oil prices increased by 5.02%; liquefied natural gas prices increased by 11.12%; coal prices increased by 1.13% [35]. - Chemicals: PTA prices increased by 3.15%; polyethylene prices increased by 0.82%; urea prices increased by 3.50%; soda ash prices increased by 0.53% [35]. - Real Estate: The national cement price index increased by 1.47%; the building materials composite index increased by 1.36%; the national concrete price index decreased by 0.19% [35].