Report Industry Investment Rating No information provided. Core View of the Report The report focuses on the current situation of different industries, including production and service industries, and analyzes the price trends, production status, and market pricing of upstream, midstream, and downstream industries. It also mentions that the overall industry credit spread has recently declined slightly [1][2][3][4]. Summary by Relevant Catalogs 1. Middle - View Event Overview - **Production Industry**: The US Trade Representative's Office has launched a public consultation on a proposed modification to ship - related policies, which is considered beneficial to the shipping and energy industries as it relaxes review and fee requirements for foreign ships and eases regulations on LNG carriers [1]. - **Service Industry**: The Ministry of Finance is actively cooperating to improve the "one - old - one - young" service system, advancing community - supported home - based elderly care services and promoting the high - quality development of inclusive childcare services [1]. 2. Industry Overview Upstream - **Energy**: International oil prices are rising [1]. - **Chemical**: The prices of urea and soda ash are falling [1]. - **Black**: There is a slight decline [1]. Midstream - **Chemical**: The PTA operating rate has rebounded, while the PX operating rate has recently declined [2]. - **Infrastructure**: The asphalt operating rate has been continuously rising recently [2]. Downstream - **Real Estate**: The sales of commercial housing in first - and second - tier cities are the same as last year and at a near - three - year low [3]. - **Service**: The number of domestic flights has decreased cyclically [3]. 3. Market Pricing The overall industry credit spread has recently declined slightly [4]. 4. Industry Credit Spread Tracking The report provides the credit spread data of various industries on June 11, 2025, including the values of the same period last year, a quarter ago, a month ago, last week, and this week, as well as the quantile [49]. 5. Key Industry Price Index Tracking The report shows the price index data of multiple industries on June 10, 2025, including the frequency, unit, update time, current value, year - on - year change, and the trend in the past 5 days [50].