高频：开工率大多回升 关注企业利润修复

请阅读最后一页的重要声明！分析师孙彬彬SAC证书编号：S0160525020001sunbb@ctsec.com分析师隋修平SAC证书编号：S0160525020003suixp@ctsec.com分析师刘金金SAC证书编号：S0160524050001liujj01@ctsec.com联系人许帆xufan@ctsec.com相关报告1.《利率｜南向通扩容，机会还是风险？》2025-07-182.《量化|这是一套更准确的利率择时模型》2025-07-173.《 利 率|宏 观 数 据 六 问 六 答 》2025-07-16 ❖ 谨请参阅尾页重要声明及财通证券股票和行业评级标准1地产销售：地产销售动能继续走弱.......................................................................................................42投资：商品价格大多上行.......................................................................................................................73生产：开工率大多上行...........................................................................................................................84消费：出行动能较强...............................................................................................................................95出口：SCFI下行、BDI大幅上行......................................................................................................106物价：菜价下行，油价下降.................................................................................................................117风险提示.................................................................................................................................................12图1.主要高频指标周度跟踪.........................................................................................................................4图2.全国及典型城市周度商品房成交面积跟踪.........................................................................................4图3.20城新房成交面积................................................................................................................................4图4.一线城市新房成交面积（4城）..........................................................................................................4图5.二线城市新房成交面积（8城）..........................................................................................................5图6.三四线城市新房成交面积（8城）......................................................................................................5图7.典型城市周度商品房成交面积跟踪.....................................................................................................5图8.北京新房成交面积.................................................................................................................................5图9.上海新房成交面积.................................................................................................................................5图10.广州新房成交面积...............................................................................................................................6图11.深圳新房成交面积...............................................................................................................................6图12.杭州新房成交面积...............................................................................................................................6图13.苏州新房成交面积...............................................................................................................................6图14.典型城市周度二手房成交面积跟踪...................................................................................................6图15.北京二手房成交面积...........................................................................................................................7图16.上海二手房成交面积...........................................................................................................................7图17.深圳二手房成交面积...........................................................................................................................7图18.杭州二手房成交面积...........................................................................................................................7图19.螺纹钢表观消费量大幅下行...............................................................................................................7图20.螺纹钢价格上升...................................................................................................................................7内容目录图表目录 2 谨请参阅尾页重要声明及财通证券股票和行业评级标准3图21.库存:螺纹钢(含上海全部仓库)上升.................................................................................................8图22.玻璃期货合约结算价上行...................................................................................................................8图23.水泥价格指数大幅下降.......................................................................................................................8图24.沥青价格指数上升...............................................................................................................................8图25.石油沥青开工率基本持平...................................................................................................................8图26.钢厂高炉开工率上行...........................................................................................................................8图27.汽车轮胎开工率上行...........................................................................................................................9图28.焦化企业开工率上行...........................................................................................................................9图29.涤纶长丝开工率上行.......