节后中游持续回暖

1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - After the holiday, the mid - stream industry continued to recover. In the upstream, liquefied natural gas prices declined while international crude oil prices rose, and egg prices continued to fall. In the mid - stream, PX operating rate was at a high level, power plant coal consumption was at a high level, and road asphalt operating rate increased. In the downstream, the sales of commercial housing in first - and second - tier cities declined seasonally, and the number of domestic flights remained stable at a high level [1][3]. 3. Summary by Relevant Catalog Production Industry - Zimbabwe's Ministry of Mines announced a suspension of all exports of raw ore and lithium concentrate (including goods in transit). It is a phased measure, expected to resume within 1 to 4 weeks. Companies like Zhongkuang Resources and Yahua Group have sufficient raw material inventories, and the impact on production and operation is limited. Yahua Group is preparing to submit supplementary materials for export application, and Zhongkuang Resources estimates the ban may last less than a month, depending on the approval process [1]. Service Industry - The People's Bank of China issued a notice on RMB cross - border inter - bank financing business of banking financial institutions, supporting domestic banks to carry out RMB cross - border inter - bank financing business in line with market demand, with relevant management and risk control requirements [1]. Upstream - Energy: Liquefied natural gas prices declined, and international crude oil prices rose. - Agriculture: Egg prices continued to fall [3]. Mid - stream - Chemical: PX operating rate was at a high level. - Energy: Power plant coal consumption was at a high level. - Infrastructure: Road asphalt operating rate increased [3]. Downstream - Real Estate: The sales of commercial housing in first - and second - tier cities declined seasonally. - Service: The number of domestic flights remained stable at a high level [3]. Key Industry Price Indicators | Industry Name | Indicator Name | Frequency | Unit | Update Time | Current Value | Year - on - Year | Past 5 - day Trend | | --- | --- | --- | --- | --- | --- | --- | --- | | Agriculture | Spot price: Corn | Daily | Yuan/ton | 2/26 | 2278.6 | 0.19% | | | | Spot price: Egg | Daily | Yuan/kg | 2/26 | 6.1 | - 3.34% | | | | Spot price: Palm oil | Daily | Yuan/ton | 2/26 | 8650.0 | - 0.46% | | | | Spot price: Cotton | Daily | Yuan/ton | 2/26 | 16680.7 | 3.69% | | | | Average wholesale price: Pork | Daily | Yuan/kg | 2/26 | 17.9 | - 1.27% | | | Non - ferrous Metals | Spot price: Copper | Daily | Yuan/ton | 2/26 | 101981.7 | 0.62% | | | | Spot price: Zinc | Daily | Yuan/ton | 2/26 | 24450.0 | 0.03% | | | | Spot price: Aluminum | Daily | Yuan/ton | 2/26 | 23443.3 | 3.38% | | | | Spot price: Nickel | Daily | Yuan/ton | 2/26 | 143833.3 | - 1.01% | | | | Spot price: Aluminum | Daily | Yuan/ton | 2/26 | 16656.3 | - 0.22% | | | | Spot price: Rebar | Daily | Yuan/ton | 2/26 | 3138.7 | - 0.99% | | | Ferrous Metals | Spot price: Iron ore | Daily | Yuan/ton | 2/26 | 763.7 | - 2.27% | | | | Spot price: Wire rod | Daily | Yuan/ton | 2/26 | 3325.0 | - 1.26% | | | | Spot price: Glass | Daily | Yuan/square meter | 2/26 | 13.4 | 0.98% | | | Non - metals | Spot price: Natural rubber | Daily | Yuan/ton | 2/26 | 17000.0 | 3.61% | | | | China Plastic City Price Index | Daily | - | 2/26 | 784.4 | - 0.11% | | | | Spot price: WTI crude oil | Daily | US dollars/barrel | 2/26 | 74.4 | 4.11% | | | Energy | Spot price: Brent crude oil | Daily | US dollars/barrel | 2/26 | 70.7 | 4.69% | | | | Spot price: Liquefied natural gas | Daily | Yuan/ton | 2/26 | 2882.0 | - 12.45% | | | | Coal price: Coal | Daily | Yuan/ton | 2/26 | 798.0 | - 0.25% | | | | Spot price: PTA | Daily | Yuan/ton | 2/26 | 5319.4 | 2.06% | | | Chemical | Spot price: Polyethylene | Daily | Yuan/ton | 2/26 | 6736.7 | - 0.79% | | | | Spot price: Urea | Daily | Yuan/ton | 2/26 | 1830.0 | 2.38% | | | | Spot price: Soda ash | Daily | Yuan/ton | 2/26 | 1202.9 | 0.12% | | | | Cement price index: National | Daily | - | 2/26 | 129.5 | - 0.92% | | | Real Estate | Building materials composite index | Daily | Points | 2/26 | 113.8 | 0.03% | | | | Concrete price index: National index | Daily | Points | 2/26 | 89.8 | 0.00% | | [35]