Industry allocation suggestions: focus on strategic security and grasp the opportunities of steady growth, strategic resources and independent control. a. Policy driven steady growth: 1) real estate development; 2) Building construction; 3) Consumption of building materials. b. Strategic resources: 1) coal; 2) Oil and gas, oil service and oil transportation; 3) Gold; 4) Industrial metals; 5) Energy metals; 6) Grain Shenzhen Agricultural Products Group Co.Ltd(000061) . c. Self controlled long-term track: 1) wind power & Photovoltaic & nuclear power; 2) Semiconductor equipment and materials; 3) Military industry.
Upstream raw materials: in February 2022, the outlook of coal mining and coke in the coal industry declined; In the petrochemical industry, the boom of oil and gas exploitation, refining and chemical industry and trade is up month on month, and the boom of oil and service engineering is divided internally month on month; In the basic chemical industry, chemical raw materials, chemical products, chemical fibers and rubber ring comparison show internal differentiation, while plastics and agrochemical products rise; In the iron and steel industry, the prosperity of ordinary steel and metallurgical steel raw materials increased month on month, and the prosperity of special steel was internally differentiated month on month; In the non-ferrous metal industry, the boom of precious metals, industrial metals, small metals, energy metals and new metal materials increased month on month; In the building materials industry, cement has a downward trend, while glass fiber and decoration building materials have an upward trend.
Midstream manufacturing: in February 2022, in the power equipment industry, the battery environment was up, and the internal differentiation of power grid equipment; Mechanical equipment industry, construction machinery prosperity, internal differentiation; In the electronics industry, the prosperity of consumer electronics is declining, and the internal differentiation of semiconductors, optical optoelectronic and components; In the communication industry, the communication equipment is on the rise.
Downstream consumption: in February 2022, the overall outlook of agriculture, forestry, animal husbandry and fishery industry increased, the boom of feed increased, and the outlook of fishery, aquaculture and Shenzhen Agricultural Products Group Co.Ltd(000061) processing industry decreased; In the food and beverage industry, the non Baijiu and snack foods are lower than the boom, and the seasoning products are ascending to the ring, and the Baijiu and beverage dairy products are differentiated. In the pharmaceutical and biological industry, the boom of chemical pharmacy decreased month on month and that of traditional Chinese medicine increased month on month; The textile and garment industry, textile manufacturing and accessories are booming month on month, and the internal differentiation of clothing and home textiles; In light industry manufacturing industry, the paper industry is internally differentiated in terms of ring on ring prosperity; In the automobile industry, the overall, passenger cars, commercial vehicles, motorcycles and other industries experienced a decline in the month on month boom, while the auto parts industry experienced internal differentiation in the month on month boom; In the media industry, film and television theaters are internally differentiated, and publishing is down month on month; Leisure service industry, hotel catering, tourism and scenic spots are booming month on month.
Financial housing construction: in February 2022, in the non bank financial industry, securities companies showed a downward trend and insurance companies showed an upward trend; In terms of banking industry, the cycle boom measures price differentiation; The real estate industry is booming month on month; In the construction and decoration industry, the prosperity of infrastructure and professional projects is internally differentiated, and the prosperity of housing construction is up month on month.
Support services: in February 2022, in the public utility industry, the outlook of electric power was downward and that of gas was upward; In the environmental protection industry, the prosperity of environmental governance increased month on month; In the transportation industry, the overall month on month outlook is up, the month on month prosperity of ports and shipping is up, the month on month prosperity of Railways and highways is differentiated, and the month on month prosperity of logistics is down.
Risk tip: high frequency data has limited explanation for the overall prosperity of the industry; The release time of high-frequency data lags behind; High frequency data may have errors.
