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上游价格持续波动,关注外部不确定性事件
Hua Tai Qi Huo· 2025-10-24 02:07
Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View of the Report The report focuses on the continuous fluctuations in upstream prices and external uncertainty events, covering various industries including production, service, upstream, mid - stream, and downstream, and also tracks key indicators of multiple industries [1][2][3]. 3) Summary by Related Catalogs A. Middle - view Event Overview - **Production Industry**: On October 23, the EU listed Chinese enterprises in the 19th round of sanctions against Russia, including large Chinese refineries and oil traders for the first time, which was strongly opposed by China [1]. - **Service Industry**: Since mid - October this year until October 23, the search volume for "outdoor ski resorts" on Meituan increased by nearly 900% year - on - year, and the search volume for Keketuohai International Ski Resort increased by 279% year - on - year. The search volume for "delicious food near ski resorts" and "hotels near ski resorts" on Meituan increased by more than 20% year - on - year. The game "Escape from Duckov" sold over 1 million copies within a week after its launch on October 16 [1]. B. Industry Overview - **Upstream**: The price of glass in the black industry dropped significantly, while the price of liquefied natural gas in the energy industry continued to rise [2]. - **Mid - stream**: The PX operating rate in the chemical industry was at a high level, while the polyester operating rate declined. The coal consumption of power plants in the energy industry decreased [3]. - **Downstream**: The sales of commercial housing in first, second, and third - tier cities continued to decline in the real estate industry, while the number of domestic flights increased slightly in the service industry [3]. C. Key Industry Price Index Tracking - **Agriculture**: On October 23, the spot price of corn was 2177.1 yuan/ton with a year - on - year decrease of 0.20%, the spot price of eggs was 6.1 yuan/kg with a year - on - year decrease of 1.30%, etc. [37]. - **Non - ferrous Metals**: On October 23, the spot price of copper was 85463.3 yuan/ton with a year - on - year increase of 0.17%, the spot price of zinc was 22086.0 yuan/ton with a year - on - year increase of 0.82%, etc. [37]. - **Black Metals**: On October 23, the spot price of iron ore was 794.6 yuan/ton with a year - on - year increase of 1.16%, the spot price of glass was 14.6 yuan/square meter with a year - on - year decrease of 6.82%, etc. [37]. - **Energy**: On October 23, the spot price of WTI crude oil was 58.5 dollars/barrel with a year - on - year increase of 1.14%, the spot price of Brent crude oil was 62.6 dollars/barrel with a year - on - year increase of 1.10%, etc. [37]. - **Chemical Industry**: On October 23, the spot price of PTA was 4467.1 yuan/ton with a year - on - year increase of 1.43%, the spot price of polyethylene was 7076.7 yuan/ton with a year - on - year decrease of 0.45%, etc. [37]. - **Real Estate**: On October 23, the cement price index nationwide was 134.3 with a year - on - year increase of 0.27%, the building materials composite index was 111.9 points with a year - on - year increase of 0.39%, etc. [37].