显微镜下的中国经济（2026年第6期）：节后第一周高频数据表现如何？

Investment and Production Indicators - The overall performance of investment-related high-frequency data in the first week after the holiday was weaker than the same period last year, with only the full steel and semi-steel tire operating rates better than last year's levels[2] - The operating rate for asphalt sample enterprises was 21.4%, up 0.6 percentage points week-on-week, but down 24.9% year-on-year[9] - The national electric furnace operating rate was 26.28%, down 5.77 percentage points week-on-week, and down 53.4% year-on-year[11] - The capacity utilization rate for steel mills was 86.09%, down 0.24 percentage points week-on-week, and down 1.1% year-on-year[44] Production and Price Trends - The average daily crude steel production in mid-February was 2.029 million tons, an increase of 83,000 tons from early February, but down 5.7% year-on-year[72] - The price index for rebar fell by 0.3 yuan/ton to 3288.2 yuan/ton[116] - The average price of cement in East China remained stable at 412 yuan/ton, while the price in Southwest China dropped by 8 yuan/ton to 485 yuan/ton[107] - The average price of lithium carbonate rose to 167,000 yuan/ton, an increase of 27,000 yuan/ton year-on-year, reflecting a growth of 118.3%[142] Real Estate and Consumption Insights - The number of signed commercial housing contracts in 30 cities was still lower than the same period last year, despite a positive trend in second-hand housing listing prices starting from the second week of January[2] - Domestic and international flight numbers post-holiday were higher than last year, with domestic flights exceeding 100,000 for four consecutive weeks, indicating a recovery in travel demand[2] - Consumer demand for goods and services during the holiday period was better than last year, suggesting a significant increase in consumption growth for the first two months compared to the previous year[2]