关注下游年末促销进展

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The report focuses on the progress of year - end promotions in the downstream, and provides an overview of mid - level events, industry trends in the upstream, mid - stream, and downstream [1][3]. 3. Summary by Related Catalogs Mid - level Event Overview - Production Industry: China released an independently developed CPU; the Ministry of Commerce responded to the export control of rare earth - related items, and Premier Li Qiang met with French President Macron, expressing willingness to strengthen cooperation with France in various fields [1]. - Service Industry: The Ministry of Commerce will promote consumption during the traditional peak season at the end of the year and create a better consumption environment; the national standard for take - out platform service management was released to promote rational competition in the take - out industry [2]. Industry Overview - Upstream: Copper prices rebounded significantly, liquefied natural gas prices declined, and urea prices dropped [3]. - Mid - stream: The operating rates of PX and PTA in the chemical industry decreased, the coal consumption of power plants was at a medium level, and the asphalt operating rate in the infrastructure sector was at a low level [3]. - Downstream: The sales of commercial housing in first, second, and third - tier cities continued to rise, while the number of domestic and international flights decreased [3]. Key Industry Price Index Tracking - On December 4, prices of various products showed different trends. For example, the prices of copper, zinc, and aluminum in non - ferrous metals increased, while the price of liquefied natural gas decreased [34].