高频半月观：经济“开门红”迹象尚不明显

Supply - The average operating rate of high furnaces increased by 0.8 percentage points to 79.1%, while the average operating rate of coking enterprises rose by 0.4 percentage points to 66.4%[14] - The asphalt operating rate decreased by 4.9 percentage points to 26.4%, and the cement shipment rate fell by 2.7 percentage points to 28.9%[14] - The average operating rate of automotive semi-steel tires dropped by 4.7 percentage points to 67.1%[19] Demand - Second-hand housing sales improved slightly, with a year-on-year decline of 14.9%, while new housing sales continued to weaken, with a 38.7% month-on-month drop in major cities[3] - The average land transaction area in 100 cities decreased by 77.0% month-on-month, with a year-on-year decline expanding to 35.7%[3] - Daily average sales of passenger cars in December were 74,000 units, down 1.8% month-on-month and down 12.4% year-on-year[38] Prices - The Nanhua Industrial Product Index rose by 2.9% month-on-month, with Brent crude oil prices increasing by 1.2%[4] - The average price of LME copper increased by 7.8% month-on-month, with a year-on-year increase of 44.8%[5] - Cement prices fell by 0.7% month-on-month and were down 20.9% year-on-year[51] Inventory - National crude oil and petroleum product inventories increased by 1,875,500 barrels, totaling 1.71 billion barrels[6] - Steel and electrolytic aluminum inventories rose by 0.1% and 19.6% respectively[59] - Asphalt inventory increased by 2.2%, while cement inventory decreased by 2.5 percentage points to 58.9%[6]