2025年以来，中欧双方围绕电动汽车案的磋商持续进行。 1月12日，商务部在官网通报了中欧电动汽车案的最新磋商进展。 通报称，为落实中欧领导人会晤共识，妥善解决欧盟对华电动汽车案，中欧双方本着相互尊重的态度， 进行了多轮磋商。双方一致认为，有必要向对欧盟出口纯电动汽车的中国出口商，提供关于价格承诺的 通用指导，以便中国出口商可通过更加实用、有针对性且符合世贸组织规则的方式，解决相关关注。 中国机电商会认为，妥善解决欧盟对华电动汽车反补贴案，是中欧电动汽车上下游业界的普遍期待，有 助于促进中欧相关产业链供应链的安全稳定，维护中欧经贸合作大局及以规则为基础的国际贸易秩序。 中欧双方本着相互尊重和对话精神，经过多轮磋商，成功推动该案实现"软着陆"。中国机电商会感谢中 国商务部在切实维护相关产业利益方面所开展的大量工作和取得的积极成果，并将鼓励和支持涉案企业 充分利用磋商成果，以价格承诺申请方式，努力争取自身对欧出口权益，促进中欧相关产业合作健康发 展。 欧盟中国商会称，对中欧双方通过对话磋商推动电动汽车案实现"软着陆"表示高度欢迎和充分肯定。这 一重要成果积极回应了包括汽车产业在内的业界高度关切，不仅有利于推动中欧 ...

Industry Overview Upstream - Copper and zinc prices have rebounded recently; chemical product prices are slightly fluctuating; international crude oil prices are rising, while liquefied natural gas prices are oscillating downward [2] Midstream - The operating rates of chemical products have collectively declined; the coal consumption of power plants is at the median level in three years; the operating rate of road asphalt has decreased [3] Downstream - The sales of commercial housing in first, second, and third-tier cities have recently rebounded collectively; the number of domestic and international flights has decreased [4] Key Industry News Production Industry - Chinese official Ling Ji held video talks with German and European automobile industry associations, discussing China - Germany and China - Europe automobile industry and supply - chain cooperation, and hoping to resolve the electric vehicle anti - subsidy case [1] - On December 8, the National Development and Reform Commission announced a reduction in domestic gasoline and diesel prices, benefiting private car owners and logistics enterprises [1] Service Industry - The Political Bureau of the CPC Central Committee held a meeting on December 8, stating that in 2026, China will continue to implement a more proactive fiscal policy and a moderately loose monetary policy [1] Key Industry Price Indicators (as of December 8) Agriculture - The spot price of corn is 2238.6 yuan/ton, with a year - on - year increase of 0.58%; the spot price of eggs is 6.5 yuan/kg, with a year - on - year decrease of 0.76%; the spot price of palm oil is 8726.0 yuan/ton, with a year - on - year increase of 0.65%; the spot price of cotton is 15033.0 yuan/ton, with a year - on - year increase of 0.36%; the average wholesale price of pork is 17.7 yuan/kg, with a year - on - year increase of 0.40% [36] Non - ferrous Metals - The spot price of copper is 92243.3 yuan/ton, with a year - on - year increase of 3.39%; the spot price of zinc is 23100.0 yuan/ton, with a year - on - year increase of 2.48%; the spot price of aluminum is 21933.3 yuan/ton, with a year - on - year increase of 0.89%; the spot price of nickel is 120400.0 yuan/ton, with a year - on - year increase of 0.19%; another spot price of aluminum is 17300.0 yuan/ton, with a year - on - year increase of 0.84% [36] Black Metals - The spot price of rebar is 3213.0 yuan/ton, with a year - on - year decrease of 0.01%; the spot price of iron ore is 805.8 yuan/ton, with a year - on - year decrease of 0.36%; the spot price of wire rod is 3395.0 yuan/ton, with a year - on - year increase of 1.80% [36] Others - The spot price of glass is 13.8 yuan/square meter, with a year - on - year decrease of 0.72%; the spot price of natural rubber is 14843.3 yuan/ton, with a year - on - year decrease of 0.88%; the China Plastic City price index is 766.0, with a year - on - year increase of 0.05% [36] Energy - The spot price of WTI crude oil is 60.1 dollars/barrel, with a year - on - year increase of 2.61%; the spot price of Brent crude oil is 63.8 dollars/barrel, with a year - on - year increase of 2.20%; the spot price of liquefied natural gas is 3874.0 yuan/ton, with a year - on - year decrease of 4.82%; the coal price is 809.0 yuan/ton, with a year - on - year decrease of 0.98% [36] Chemicals - The spot price of PTA is 4687.8 yuan/ton, with a year - on - year decrease of 0.32%; the spot price of polyethylene is 6845.0 yuan/ton, with a year - on - year decrease of 0.87%; the spot price of urea is 1720.0 yuan/ton, with a year - on - year increase of 1.03%; the spot price of soda ash is 1205.7 yuan/ton, with a year - on - year decrease of 0.06% [36] Real Estate and Building Materials - The national cement price index is 135.4, with a year - on - year increase of 0.01%; the building materials composite index is 115.5 points, with a year - on - year increase of 0.15%; the national concrete price index is 90.4 points, with a year - on - year increase of 0.00% [36]

Market Performance - On June 20, 2025, the Shanghai Composite Index fell by 0.07%, the Shenzhen Component Index decreased by 0.47%, and the ChiNext Index dropped by 0.83%[2] - The total market turnover was 1,067.59 billion CNY, a decrease of 182.92 billion CNY compared to the previous trading day[2] - Out of 5,253 stocks, 1,575 rose while 3,678 fell[2] Sector and Style Analysis - The banking sector led gains with an increase of 1.19%, followed by transportation (0.96%) and food & beverage (0.76%)[20] - The computer sector experienced the largest decline at -1.82%, followed by media (-1.80%) and defense & military (-1.47%)[20] - Fund-heavy stocks outperformed the CSI All Share Index[20] Capital Flow - On June 20, 2025, the net outflow of main funds was 30.51 billion CNY, with large orders contributing to a net outflow of 16.60 billion CNY[3] - Small orders saw a continuous net inflow of 31.55 billion CNY[3] ETF Trading Activity - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw significant decreases in trading volume, with changes of -0.41 billion CNY and -6.90 billion CNY respectively[30] - The net inflow for the CSI 1000 ETF on June 19 was 1.04 billion CNY[30] Global Market Overview - On June 20, 2025, the Hang Seng Index rose by 1.26%, while the Nikkei 225 Index fell by 0.22%[4] - European indices generally declined on June 19, with the DAX down by 1.12% and the FTSE 100 down by 0.58%[4]