化工和农业上游价格持续回升

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The prices of the upstream sectors in the chemical and agricultural industries are continuously rising, while the mid - stream and downstream sectors show different trends. There are also important policy releases and event warnings in the production and service industries [1][2]. 3. Summary by Directory 3.1. Mid - level Event Overview - Production Industry: Eight departments jointly issued the "Special Action Implementation Plan for 'Artificial Intelligence + Manufacturing'" to promote AI in the manufacturing process. The Ministry of Agriculture and Rural Affairs and the China Meteorological Administration issued a snow disaster warning for facilities agriculture and animal husbandry in some regions from January 29 - 31 [1]. - Service Industry: Five departments in Shenzhen issued a three - year plan (2026 - 2028) to optimize the consumption environment, aiming to promote home consumption, improve the smart home industry ecosystem, and encourage the integration of home products with AI [1]. 3.2. Industry Overview 3.2.1. Upstream - Chemical: The prices of PTA and polyethylene are continuously rising [2]. - Agriculture: The prices of eggs and palm oil are rising [2]. - Energy: The international crude oil price has been increased [2]. 3.2.2. Mid - stream - Chemical: The PX operating rate remains at a high level [3]. - Energy: The coal consumption of power plants has decreased [3]. - Infrastructure: The operating rate of road asphalt has declined [3]. 3.2.3. Downstream - Real Estate: The sales of commercial housing in first, second, and third - tier cities have seasonally declined [4]. - Service: The number of domestic flights has increased [4]. 3.3. Key Industry Price Index Tracking - Agriculture: On January 28, the spot prices of corn, eggs, palm oil, cotton, and the average wholesale price of pork showed year - on - year increases of 0.32%, 4.28%, 4.26%, 0.35%, and 0.75% respectively [40]. - Non - ferrous Metals: On January 28, the spot prices of copper, zinc, aluminum, and nickel had year - on - year increases of 1.40%, 4.33%, 2.29%, and 0.31% respectively, while one of the aluminum spot prices decreased by 0.66% [40]. - Ferrous Metals: On January 28, the spot prices of rebar, iron ore, and wire rod had year - on - year changes of - 0.49%, 0.41%, and - 0.87% respectively [40]. - Non - metals: On January 28, the spot prices of glass, natural rubber, and the China Plastic City price index had year - on - year increases of 1.56%, 3.42%, and 0.83% respectively [40]. - Energy: On January 28, the spot prices of WTI crude oil, Brent crude oil, liquefied natural gas, and coal had year - on - year changes of 3.36%, 2.57%, 2.16%, and - 0.25% respectively [40]. - Chemical: On January 28, the spot prices of PTA, polyethylene, urea, and soda ash had year - on - year changes of 4.10%, 3.70%, - 0.14%, and 0.00% respectively [40]. - Real Estate: On January 28, the cement price index, building materials composite index, and concrete price index had year - on - year changes of - 0.49%, - 0.32%, and 0.00% respectively [40].