Report Industry Investment Rating - Not provided in the given content Core Views of the Report - Upstream prices are showing a divergence. Edible agricultural product prices continue to decline, while production material prices have rebounded in the last two weeks. The narrowing decline in production material prices is due to the continuous optimization of the domestic market competition order, and some key industrial raw material prices have significantly rebounded. The supply of edible agricultural products is sufficient, leading to a continued price decline and an expanding year - on - year decline [2]. - From August 1 - 7, 2025, the average daily transaction area of commercial housing in 30 large - and medium - sized cities tracked by Wind was about 174,000 square meters per day, compared with about 232,000 square meters per day in August 2024 [2]. Summary According to the Directory High - Frequency Data Panoramic Scan - For food, the average wholesale price of pork in the week of August 4 - 9, 2025, decreased by 0.53% week - on - week and 21.25% year - on - year. The Shandong vegetable wholesale price index increased by 4.80% week - on - week and decreased by 26.15% year - on - year. The edible agricultural product price index decreased by 0.20% week - on - week and 9.66% year - on - year [2]. - For energy, Brent and WTI crude oil futures prices decreased by 5.82% and 5.23% week - on - week respectively. Coal inventory at Qinhuangdao Port increased by 3.18% week - on - week [11]. - For non - ferrous metals, LME copper and aluminum spot prices decreased by 0.60% and 0.15% week - on - week respectively, and the copper - to - gold ratio decreased by 2.57% week - on - week [11]. - For real estate, the transaction area of commercial housing in 30 large - and medium - sized cities increased by 15.22% week - on - week, while the total transaction price of land in 100 large - and medium - sized cities decreased by 17.37% week - on - week [11]. High - Frequency Data and Important Macroeconomic Indicators Trend Comparison - The report presents multiple charts showing the relationship between high - frequency data and important macroeconomic indicators, including the relationship between the RJ/CRB price index year - on - year and export amount year - on - year, and the relationship between the production material price index year - on - year and PPI industrial year - on - year [15][18] Important High - Frequency Indicators in the US and Europe - The report includes information on US weekly economic indicators, initial jobless claims, unemployment rates, same - store sales growth, PCE year - on - year, as well as the Chicago Fed Financial Conditions Index and the implied prospects of interest rate hikes/cuts by the US Federal Reserve and the European Central Bank [86][82][85] Seasonal Trends of High - Frequency Data - The report shows the seasonal trends of high - frequency data through various charts, such as the seasonal trends of the average daily crude steel production, production material price index, and China's commodity price index [93][99] High - Frequency Traffic Data in Beijing, Shanghai, Guangzhou, and Shenzhen - The report provides the year - on - year changes in subway passenger volume in Beijing, Shanghai, Guangzhou, and Shenzhen [143][144]