Economic Growth and Structure - The core of macroeconomic policy for Q4 focuses on structure rather than total volume, emphasizing the effective use of existing policies [1][10] - In Q3, GDP grew by 4.8% year-on-year, with a cumulative growth of 5.2% for the first three quarters, indicating a solid foundation for achieving the annual growth target [7][10] - Fixed asset investment decreased by 0.5% year-on-year in the first three quarters, reflecting a shift from investment-driven growth to innovation and technology-driven growth [7][8] Investment and Consumption - New social financing in September was 3.53 trillion yuan, a year-on-year decrease of 229.7 billion yuan, indicating a need for investment and consumption to be boosted [2][4] - The corporate sector saw new loans of 1.22 trillion yuan in September, with a year-on-year decrease of 50 billion yuan, highlighting a decline in investment willingness [3][4] - Consumer loan growth remains weak, with short-term loans decreasing significantly, suggesting a need for improved consumer sentiment and housing market expectations [2][4] Trade and External Factors - External trade showed resilience, with exports growing by 6.1% year-on-year in the first three quarters, despite global economic uncertainties [9] - Factors contributing to the strong export performance include preemptive actions by foreign trade companies and growth in sectors like new energy vehicles and solar energy [9] Price Trends and Market Dynamics - The Consumer Price Index (CPI) fell by 0.3% year-on-year in September, while core CPI rose by 1%, indicating a mixed inflationary environment [5][6] - The rise in core CPI is driven by increased prices of precious metals and consumer goods, reflecting changes in market dynamics and consumer behavior [5][6]

1. Report Industry Investment Rating - No investment rating information was provided in the report. 2. Core Viewpoints of the Report - **Steel Products**: Steel prices are expected to operate at a low level with short - term downward pressure. Attention should be paid to the narrowing of the spread between hot - rolled and rebar [9]. - **Iron Ore**: The price of iron ore will operate within a range, with the main contract of Dalian iron ore futures between 760 - 800 yuan/ton, corresponding to an external market price of approximately 103 - 107 US dollars/ton [10]. - **Coking Coal and Coke**: In the short term, the supply of coking coal and coke increases while the demand decreases, but they are still at a relatively high level. The price should be treated with cautious optimism [11]. - **Ferroalloys**: The supply of ferromanganese and ferrosilicon remains loose, and the demand shows no obvious improvement. The alloy prices are expected to be under pressure and operate weakly [12]. 3. Summary by Directory 3.1 Week - on - Week Market Review - **Futures and Spot Prices**: From October 10 to October 17, 2025, the closing prices of most futures and spot varieties in the black industry chain changed. For example, the RB2601 contract of rebar decreased from 3103 to 3037 yuan/ton, a decrease of 2.13%; the HC2601 contract of hot - rolled coil decreased from 3285 to 3204 yuan/ton, a decrease of 2.47%. However, the J2601 contract of coke increased from 1666.5 to 1676 yuan/ton, an increase of 0.57% [7]. 3.2 This Week's Black Market Forecast 3.2.1 Steel Products - **Logic**: The blast furnace iron - making capacity utilization rate of 247 steel mills decreased slightly, and the average capacity utilization rate of 90 independent electric arc furnace steel mills increased. The steel products market oscillated and declined last week, and the downstream weakness improved limitedly. The Sino - US trade friction affected market sentiment, and important domestic meetings and Sino - US economic and trade consultations are worth noting [9]. - **Viewpoint**: Low - level operation, short - term downward pressure, and attention to the narrowing of the spread between hot - rolled and rebar [9]. 3.2.2 Iron Ore - **Logic**: The macro - level meeting is expected to focus on new - quality productivity and consumption. The supply of foreign mines decreased slightly, the arrival volume will return to the median level, the domestic demand decreased but remained high, the steel mill inventory decreased slightly, and the port inventory increased [10]. - **Viewpoint**: The price will operate within a range, with the main contract of Dalian iron ore futures between 760 - 800 yuan/ton, corresponding to an external market price of approximately 103 - 107 US dollars/ton [10]. 3.2.3 Coking Coal and Coke - **Logic**: The futures prices of coking coal and coke first declined and then rose last week, affected by Sino - US trade policies and anti - involution expectations. The spot market was stable and slightly strong, and some coke enterprises planned a second price increase. The coal mine output increased, the imported coal volume increased monthly, the coke enterprise profit contracted, and the steel mill profit was in deficit [11]. - **Viewpoint**: In the short term, the supply increases while the demand decreases, but they are still at a relatively high level. The price should be treated with cautious optimism [11]. 3.2.4 Ferroalloys - **Logic**: Overseas, the US government shutdown affected economic data and Fed policy decisions. Domestically, the demand improvement expectation was weak. The supply of ferromanganese and ferrosilicon was relatively loose, the demand decreased, the inventory increased, and the cost support was stable [12]. - **Viewpoint**: The alloy prices are expected to be under pressure and operate weakly. Attention should be paid to domestic macro - policies and the progress of Sino - US economic and trade consultations [12]. 3.3 Variety Data 3.3.1 Steel Products - **Rebar**: The output last week was 201.16 tons, a week - on - week decrease of 2.24 tons; the apparent demand was 219.75 tons, a week - on - week increase of 73.74 tons. The total inventory was 641.04 tons, a week - on - week decrease of 18.59 tons [14][21]. - **Hot - Rolled Coil**: The output last week was 321.84 tons, a week - on - week decrease of 1.45 tons; the apparent demand was 315.55 tons, a week - on - week increase of 24.58 tons. The total inventory was 419.19 tons, a week - on - week increase of 6.29 tons [24][29]. 3.3.2 Iron Ore - **Port Inventory**: The total import ore port inventory (45 ports) last week was 14278.27 tons, a week - on - week increase of 253.77 tons [41]. - **Steel Mill Inventory**: The inventory of 247 steel enterprises last week was 8982.73 tons, a week - on - week decrease of 63.46 tons [48]. - **Global Shipment**: The global total shipment last week was 3207.5 tons, a week - on - week decrease of 71.5 tons [54]. 3.3.3 Coking Coal and Coke - **Coke Inventory**: The total coke inventory (coke enterprises + steel mills + ports) last week was 891.85 tons, a week - on - week decrease of 17.84 tons [74]. - **Coking Coal Inventory**: The total coking coal inventory (coke enterprises + steel mills + coal mines + ports + coal washing plants) last week was 2599.21 tons, a week - on - week increase of 87.92 tons [82]. 3.3.4 Ferroalloys - **Spot Price**: The price of semi - carbonate manganese ore in Tianjin Port last week was 33.5 yuan/dry ton degree, a week - on - week decrease of 0.3 yuan [106]. - **Output**: The silicon - manganese output of 187 independent enterprises last week was 208810 tons, a week - on - week increase of 4585 tons [110]. - **Demand**: The demand for silicon - manganese of five major steel types last week was 121113 tons, a week - on - week decrease of 960 tons [114]. - **Inventory**: The silicon - manganese inventory of 63 independent enterprises on October 17 was 262500 tons, a week - on - week increase of 20000 tons [117].

GDP and Economic Growth - Q3 2025 GDP growth rate reached 4.8%, aligning with market expectations, while the cumulative growth for the first three quarters was 5.2%[3] - Q3 GDP showed a slight increase in quarter-on-quarter growth to 1.1%, compared to 1.0% in Q2[4] - Export growth improved from 6.1% in Q2 to 6.6% in Q3, driven by strong demand from non-US regions[5] Consumption Trends - Retail sales growth in September was 3.0%, below the expected 3.1% and down from 3.4% in August[8] - The "trade-in" policy's effectiveness is diminishing, impacting consumer spending, particularly in home appliances and office supplies[9] - Restaurant consumption growth fell to 0.9% in September, indicating a decline in outdoor dining demand post-summer[11] Investment Insights - Fixed asset investment saw a significant decline, with a year-on-year drop of 6.1% in Q3, down from 2.1% in Q2[5] - Manufacturing investment continued to experience negative growth, with a decline of 1.9% in September, marking the sixth consecutive month of decrease[22] - Infrastructure investment showed a slight recovery, with narrow declines in September, indicating potential stabilization due to upcoming fiscal policies[23] Real Estate Market - Real estate sales area declined by 11.9% year-on-year in September, while sales revenue fell by 12.4%, though the rate of decline is slowing[28] - New construction and completion areas showed signs of recovery, with completion growth turning positive for the first time since 2024[29] Risks and Outlook - The economic outlook for Q4 remains cautious due to high base effects from last year and potential external economic downturns[32] - Continued fiscal policy support is expected to stabilize infrastructure investment, but the effectiveness of consumer policies remains uncertain[23]

Report Summary 1. Report Industry Investment Rating No information provided in the content. 2. Core Viewpoints - China's economy showed stable growth in the first three quarters of 2025, with GDP growing by 5.2% year - on - year at constant prices. The service and industrial sectors played important roles, and consumption, investment, and net exports all contributed to economic growth [3]. - Industrial production was stable, and the service industry was on an upward trend, strongly supporting economic growth. Consumption potential continued to be released, and investment played a key role in promoting traditional industrial transformation and upgrading. Net exports maintained stable growth [3][4][5][6]. 3. Summary by Relevant Catalogs GDP - In the first three quarters of 2025, China's GDP was 1,015,036 billion yuan, growing by 5.2% year - on - year at constant prices. In Q3, GDP was 354,500 billion yuan, growing by 4.8% year - on - year and 1.1% quarter - on - quarter [3]. - The added values of the primary, secondary, and tertiary industries in the first three quarters were 58,061 billion yuan, 364,020 billion yuan, and 592,955 billion yuan respectively, with year - on - year growth rates of 3.8%, 4.9%, and 5.4%, and contributions to economic growth of 4.7%, 34.6%, and 60.7% [3]. Industry - In the first three quarters, industrial added value increased by 6.1% year - on - year, driving economic growth by 1.8 percentage points. Manufacturing added value grew by 6.5%, higher than the industrial growth rate. In Q3, industrial added value increased by 5.8% year - on - year, driving economic growth by 1.7 percentage points [3]. - The capacity utilization rate of large - scale industrial enterprises in Q3 2025 was 74.6%, up 0.6 percentage points from Q2 and down 0.5 percentage points from the same period last year [3]. Service - In the first three quarters, service industry added value was 592,955 billion yuan, growing by 5.4% year - on - year, accounting for 58.4% of GDP, up 0.8 percentage points from the same period last year, and contributing 60.7% to national economic growth, driving GDP growth by 3.1 percentage points [4]. - In Q3, service industry added value was 202,641 billion yuan, growing by 5.4% year - on - year, accounting for 57.2% of GDP, contributing 61.8% to national economic growth, and driving GDP growth by 3.0 percentage points [4]. Consumption - Consumption potential continued to be released. In the first three quarters, the contribution rate of final consumption expenditure to economic growth was 53.5%, driving GDP growth by 2.8 percentage points. In Q3, it was 56.6%, driving GDP growth by 2.7 percentage points [4]. Investment - Investment played a key role. In the first three quarters, the contribution rate of capital formation to economic growth was 17.5%, driving GDP growth by 0.9 percentage points. In Q3, it was 18.9%, driving GDP growth by 0.9 percentage points [5]. - In the first three quarters, infrastructure investment increased by 1.1% year - on - year, driving total investment growth by 0.2 percentage points. Internet and related service investment grew by 20.6%, and water transportation investment grew by 12.8% [5]. - From January to September, real estate development investment was 677.06 billion yuan, a year - on - year decrease of 13.9%. Residential investment was 520.46 billion yuan, a decrease of 12.9% [5]. Import and Export - Net exports maintained stable growth. In the first three quarters, the contribution rate of goods and services net exports to economic growth was 29.0%, driving GDP growth by 1.5 percentage points. In Q3, it was 24.5%, driving GDP growth by 1.2 percentage points [6]. Prices - In the first three quarters, consumer prices were generally stable, with CPI down 0.1% year - on - year. Core CPI increased by 0.6% year - on - year, with the growth rate expanding by 0.2 percentage points compared to the first half of the year [6]. - PPI was down 2.8% year - on - year in the first three quarters, with a decline of 2.9% in Q3, narrowing by 0.3 percentage points compared to Q2 [6].

Economic Overview - The National Bureau of Statistics reported that the national economy maintained a stable and progressive trend in the first three quarters of 2025, with effective policies supporting employment and economic stability [3]. GDP Performance - The GDP for the first three quarters reached 10,150.36 billion yuan, reflecting a year-on-year growth of 5.2% at constant prices [5][6]. Sector Contributions - Agricultural value added grew by 3.6% year-on-year [6]. - Industrial value added for large-scale enterprises increased by 6.2% year-on-year [6]. - The service sector's value added rose by 5.4% year-on-year [6]. Consumer and Investment Trends - The total retail sales of consumer goods amounted to 365.877 billion yuan, with a year-on-year increase of 4.5% [7]. - Fixed asset investment (excluding rural households) was 371.535 billion yuan, showing a year-on-year decline of 0.5%. However, excluding real estate development investment, fixed asset investment grew by 3.0% [7]. Trade and Price Levels - The total value of goods imports and exports reached 336.078 billion yuan, marking a year-on-year growth of 4.0% [8]. - The Consumer Price Index (CPI) saw a slight decline of 0.1% year-on-year [8].

| | | | | | | | Hart Article Fix | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 2025/10/20 | | 国贸期货出品 TG国贸期货 | | | | | | | | | | | 投资咨询业务资格:证监许可[2012] 31号 | | | | | | | | | | | 黑色金属研究中心 | 执业证号 | 投资咨询证号 | | | | | | | | | | 张宝慧 | F0286636 | Z0010820 | | | | | | | | | | 黄志鸿 | F3051824 | Z0015761 | | | | | | | | | | 董子勖 | F03094002 | Z0020036 | | | | | | | | | | 薛夏泽 | F03117750 | Z0022680 | | | | 远月合约收盘价 | RB2605 | HC2605 | 12605 | J2605 | JM2605 | 7000 | | | 1000 | ...

Core Insights - The provincial government is focusing on economic stability and growth, emphasizing the importance of high-quality development to contribute to the national economy [2] - There is a strong push to develop the sports economy and enhance leisure consumption through the promotion of quality sports events [3] Economic Performance - The overall economic performance in the first three quarters is stable with progress, and there is a need to implement major decisions from the central government [2] - Strategies include stabilizing employment, businesses, markets, and expectations while promoting industrial growth and supporting enterprises with high capacity utilization [2] Investment and Consumption - The government aims to expand consumption by increasing the supply of cultural tourism and sports resources, as well as enhancing services in areas like home care and childcare [2] - There is a focus on stabilizing and expanding investments, accelerating the completion of ongoing projects, and planning major projects to meet funding needs [2] Safety and Regulation - Emphasis is placed on enhancing safety management capabilities and ensuring stable safety production across various sectors, particularly in gas, electric bicycles, and crowded venues [3] - The government is committed to improving public trust and addressing grievances through targeted actions and better service delivery [3] Sports Economy Development - The government is implementing decisions to develop the sports economy, aiming to enhance the supply of quality sports events and create well-known event brands [3] - There is a focus on integrating sports events with consumer activities to drive high-quality development in the sports industry [3]

Report Information - Report Title: High - frequency Economic Weekly (2025.10.12 - 2025.10.18) [3] - Date: October 18, 2025 [1] - Analysts: Huang Weiping, Lv Qiang, Wang Zheyi [1] 1. Industry Investment Rating No information provided in the report. 2. Core View The report presents an analysis of the economic situation from multiple aspects during the period of 2025.10.12 - 2025.10.18, indicating that the industrial production shows a seasonal rebound, personnel flow increases while freight prices decline slightly, consumption has mixed performance, construction investment is weak but the real - estate market rebounds seasonally, and export port throughput decreases with differentiated shipping indices. Also, various major policy events have occurred during this period [3]. 3. Summary by Directory 3.1. Large - Scale Assets - This week, bond indices generally rose, stock indices generally fell, most commodities declined, and foreign currencies generally appreciated. The ChinaBond 7 - 10 - year China Development Bank Bond Index had the largest weekly increase of 0.33%. The STAR 50 Index had the largest weekly decline of 6.16%. The Nanhua Precious Metals Index had the largest increase of 10.76%, and the Nanhua Energy and Chemicals Index had the largest decline of 3.43%. The Japanese yen had the largest increase against the RMB with a weekly increase of 1.22%, and the US dollar appreciated against the RMB with a weekly increase of 0.05% [3]. 3.2. Industrial Production - Production showed a seasonal rebound. From the upstream, the weekly coal consumption in the national power plant sample area decreased by 1.27% week - on - week. The petroleum asphalt plant operation rate increased by 1.30 percentage points to 35.80% week - on - week, the blast furnace operation rate remained the same as last week at 84.25%, and the crude steel output increased by 7.57% week - on - week. In the real - estate chain, the rebar operation rate increased by 1.35 percentage points to 41.33% week - on - week, the float glass operation rate increased by 0.34 percentage points to 76.65%, and the mill operation rate decreased by 0.49 percentage points to 37.89% week - on - week. In the consumer goods chain, the polyester filament operation rate decreased by 0.03 percentage points to 91.06% week - on - week, the PTA operation rate decreased by 1.92 percentage points to 75.56%, and the methanol operation rate increased by 4.00 percentage points to 84.38% week - on - week. In the automobile chain, the automobile semi - steel tire operation rate increased by 26.21 percentage points to 72.72% week - on - week, and the automobile all - steel tire operation rate increased by 20.56 percentage points to 64.52% week - on - week [3]. 3.3. People and Goods Flow - Personnel flow increased, and freight prices declined slightly. The 7 - day moving average (7DMA) of the national migration scale index increased by 3.25% week - on - week. The 7DMA of the number of domestic flights decreased by 0.66% week - on - week, and the 7DMA of the number of international flights decreased by 0.11% week - on - week. The subway passenger volumes in Beijing, Shanghai, Shenzhen, and Guangzhou all decreased. The 4 - week moving average (4WMA) of the road logistics freight rate index decreased by 0.02% week - on - week, and the total volume was higher than the same period in previous years [3]. 3.4. Consumption - Automobile retail sales declined, and prices showed a mixed performance. The previous - period automobile wholesale decreased by 1.00% year - on - year, and retail increased by 7.00% year - on - year. Both the 4WMA of the wholesale year - on - year growth rate and the 4WMA of the retail year - on - year growth rate declined. The weekly box office of movies decreased by 73% week - on - week, and the 7DMA of the number of movie - goers decreased by 73% week - on - week. Agricultural product prices showed a mixed performance. The pork price decreased by 2.38% week - on - week, and the vegetable price increased by 0.13% week - on - week [3]. 3.5. Investment - Construction showed weak performance, and the real - estate market rebounded seasonally. The cement storage capacity ratio increased by 1.6 percentage points week - on - week, the cement price index increased by 0.01% week - on - week, and the cement shipment rate decreased by 2.1 percentage points week - on - week. The rebar inventory decreased by 2.4% week - on - week, the proportion of profitable steel mills nationwide decreased by 0.9 percentage points week - on - week, and the apparent demand for rebar decreased by 39.4% week - on - week. Overall, the terminal demand for construction was weak. The 7DMA of the commercial housing transaction area in 30 large and medium - sized cities increased by 171.0% week - on - week. By city - tier, the commercial housing transaction areas in first - tier, second - tier, and third - tier cities all increased. The 7DMA of the second - hand housing transaction area in 16 cities increased by 165.6% week - on - week, and the national second - hand housing listing price index decreased by 0.1% week - on - week. The land transaction area in 100 large and medium - sized cities increased, and the land transaction premium rate decreased week - on - week [3]. 3.6. Export - Port throughput decreased, and shipping indices showed a mixed performance. The weekly port cargo throughput decreased by 8.4% week - on - week, and the container throughput decreased by 6.1% week - on - week. The Baltic Dry Index (BDI) increased by 6.87% week - on - week, the Shanghai Containerized Freight Index (SCFI) increased by 12.92% week - on - week, and the China Containerized Freight Index (CCFI) decreased by 4.11% week - on - week [3]. 3.7. Major Policies/Events - On October 13, the year - on - year export in September 2025 was 8.3%, exceeding expectations. On October 14, China imposed countermeasures on 5 US subsidiaries of South Korea's Hwa Ocean Co., Ltd. On October 14, the central bank announced a 6 - month repurchase of 600 billion yuan on October 15. On October 15, the year - on - year growth rates of CPI and PPI improved moderately. On October 15, the year - on - year growth rate of the stock of social financing decreased. On October 17, the central government allocated 500 billion yuan from the local government debt balance limit to local governments [3].

Industry Investment Rating The provided content does not mention the industry investment rating. Core Viewpoints The report analyzes the economic situation from multiple aspects, including industrial production, people and freight flow, consumption, investment, export, and the performance of major asset classes. It points out that industrial production shows seasonal recovery, people flow increases while freight prices decline slightly, consumption has mixed performance, construction shows weakness while the real - estate market recovers seasonally, port throughput decreases, and shipping indices are differentiated. Also, major asset classes show distinct trends with bond indices rising, stock indices falling, most commodities dropping, and foreign currencies appreciating [1]. Summary by Directory 1. Major Asset Classes - This week, bond indices generally rose, stock indices generally fell, most commodities declined, and foreign currencies generally appreciated. Among them, the ChinaBond 7 - 10 - year China Development Bank Bond Index rose the most, with a weekly increase of 0.33%; the STAR 50 Index fell the most, with a weekly decline of 6.16%. The Nanhua Precious Metals Index rose the most among commodities, with a gain of 10.76%, and the Nanhua Energy and Chemicals Index fell the most, with a decline of 3.43%. Foreign currencies appreciated against the RMB, with the Japanese yen having the largest increase, a weekly gain of 1.22%, and the US dollar appreciating against the RMB, with a weekly gain of 0.05% [1]. 2. Industrial Production - Production shows seasonal recovery. In the upstream, the weekly coal consumption in the national power plant sample area decreased by 1.27% week - on - week, the operating rate of petroleum asphalt plants increased by 1.30 pcts to 35.80% week - on - week, the blast furnace operating rate remained flat at 84.25% compared with last week, and the crude steel output increased by 7.57% week - on - week. In the real - estate chain, the operating rate of rebar production increased by 1.35 pcts to 41.33% week - on - week, the operating rate of float glass increased by 0.34 pcts to 76.65% week - on - week, and the mill operation rate decreased by 0.49 pcts to 37.89% week - on - week. In the consumer goods chain, the operating rate of polyester filament decreased by 0.03 pcts to 91.06% week - on - week, the operating rate of PTA decreased by 1.92 pcts to 75.56% week - on - week, and the operating rate of methanol increased by 4.00 pcts to 84.38% week - on - week. In the automotive chain, the operating rate of automobile semi - steel tires increased by 26.21 pcts to 72.72% week - on - week, and the operating rate of automobile all - steel tires increased by 20.56 pcts to 64.52% week - on - week [1]. 3. People and Freight Flow - People flow increased, while freight prices declined slightly. The 7 - day moving average (7DMA) of the national migration scale index increased by 3.25% week - on - week. The 7DMA of the number of domestic flights decreased by 0.66% week - on - week, and the 7DMA of the number of international flights decreased by 0.11% week - on - week. The subway passenger volumes in Beijing, Shanghai, Shenzhen, and Guangzhou all decreased. In terms of freight flow, the 4 - week moving average (4WMA) of the road logistics freight rate index decreased by 0.02% week - on - week, but the total volume was higher than the same period in previous years [1]. 4. Consumption - Automobile retail sales showed a decline, and prices were differentiated. The previous period's automobile wholesale sales decreased by 1.00% year - on - year, and retail sales increased by 7.00% year - on - year. The 4WMA of the wholesale and retail year - on - year growth rates both declined. This period's movie box office decreased by 73% week - on - week, and the 7DMA of the number of movie - goers decreased by 73% week - on - week. Agricultural product prices were differentiated, with pork prices decreasing by 2.38% week - on - week and vegetable prices increasing by 0.13% week - on - week [1]. 5. Investment - Construction showed weakness, while the real - estate market recovered seasonally. The cement storage capacity ratio increased by 1.6 pcts week - on - week, the cement price index increased by 0.01% week - on - week, and the cement shipping rate decreased by 2.1 pcts week - on - week. The rebar inventory decreased by 2.4% week - on - week, the proportion of profitable steel mills nationwide decreased by 0.9 pcts week - on - week, and the apparent demand for rebar decreased by 39.4% week - on - week. Overall, the terminal demand for construction was weak. The 7DMA of the commercial housing transaction area in 30 large and medium - sized cities increased by 171.0% week - on - week. By city - tier, the commercial housing transaction areas in first - tier, second - tier, and third - tier cities all increased. The 7DMA of the second - hand housing transaction area in 16 cities increased by 165.6% week - on - week, and the national second - hand housing listing price index decreased by 0.1% week - on - week. The land transaction area in 100 cities increased, and the land transaction premium rate decreased week - on - week [1]. 6. Export - Port throughput decreased, and shipping indices were differentiated. This period's port cargo throughput decreased by 8.4% week - on - week, and the container throughput decreased by 6.1% week - on - week. The BDI index increased by 6.87% week - on - week, the SCFI index increased by 12.92% week - on - week, and the CCFI index decreased by 4.11% week - on - week [1].

基金自设立以来，至10月17日15时，已完成分配给农发行1500亿元额度的1001.11亿元基金投放，共支 持项目562个，预计可拉动项目总投资超1.26万亿元。 其中，在助力经济大省勇挑大梁方面，此次设立的基金向12个经济大省投资项目407个，共计671.36亿 元；主动对接和挖掘优质民间投资项目，对符合条件的项目依法合规加大支持力度，支持民间投资项目 23个，共计93.59亿元。 新华社北京10月17日电（记者刘羽佳）记者17日从中国农业发展银行获悉，农发行在国家发展改革委、 财政部、金融监管总局等部门的指导支持下，设立新型政策性金融工具支持重大项目建设、促进金融更 好服务实体经济。截至17日15时，农发行此次设立的基金投放金额突破千亿元，为国家关键领域和薄弱 环节项目建设提供了有效支撑。 据了解，农发行在9月29日获得监管部门批复后，当日即完成基金公司注册、营业执照领取、基本账户 开立、注册资本金到位等相关工作，并实现104.83亿元的首批基金投放。 此外，农发行聚焦数字经济、人工智能、消费等领域，积极开展基金客户的"大走访 深营销 强服务"活 动，宣讲基金政策，抢先抓早储备优质项目，为基金尽快落地奠定 ...