The overall production is still weak. Last week, the operating rate of blast furnace decreased by 0.28 percentage points to 46.41%; The operating rate of 100 coking enterprises in China increased by 0.4 percentage points to 53.43%; The operating rate of automobile tires was generally stable, of which the operating rate of all steel tires decreased by 1.26 percentage points to 63%, and the operating rate of semi steel tires increased by 0.23 percentage points to 64%; In terms of PTA industrial chain, the load rates of PTA factory, polyester factory and Jiangsu and Zhejiang loom changed by - 1.68, + 0.23 and - 2.44 percentage points to 71.27%, 80.64% and 61.78% respectively. In addition, in early December, crude steel output rose to 244.62 tons / day month on month.
The year-on-year decline in commercial housing sales narrowed. Last week, the weekly transaction area of commercial housing in 30 large and medium-sized cities was 440200 square meters (the calculation cycle was from Saturday to Friday the previous week), up from 339100 square meters the previous week. In terms of year-on-year growth, the weekly transaction area of commercial housing in 30 large and medium-sized cities decreased by 26.64% year-on-year, narrowing the decline, of which the first, second and third tier cities decreased by 23.82%, 20.97% and 36.99% year-on-year respectively.
In the week of the 12th, the total price and area of land traded in 100 large and medium-sized cities decreased by 81.06% and 75.41% respectively year-on-year. The wholesale and retail sales of car manufacturers of the passenger union decreased by 3 and 9 percentage points respectively year-on-year, narrowing the decline. The year-on-year growth rate of vehicle freight flow index increased by 0.27 percentage points.
In the first ten days of December, the container throughput of the eight hub ports increased by 4.1% year-on-year, the growth rate increased compared with the previous month, and the export situation is still good.
Pork prices fell slightly. Last week, the prices of 28 key monitored vegetables decreased by 3.06% month on month, the wholesale prices of pork decreased by 5.08% month on month, and the prices of seven key monitored fruits increased by 1.74% month on month. WTI crude oil price decreased by 1.13% month on month, and oil distribution price decreased by 2.71% month on month. CRB spot index fell slightly by 0.29% month on month
Money market interest rates are stable. Last week, the central bank lowered the reserve requirement, continued the reduction of mlf500 billion yuan, and the money market interest rate was stable. Dr007 and R007 decreased by 2.7 and 1.8 BP respectively.
The RMB depreciated slightly. Last week, the US dollar index rose by 0.65%, and the euro, sterling, yen and RMB depreciated by 0.7%, 0.23%, 0.29% and 0.06% against the US dollar respectively.
At the same time, China's economic accident index relative to the United States continues to improve, and there is little pressure on the depreciation of the RMB against the US dollar.
Risk tip: the epidemic development exceeded expectations
