中观行业比较月报：景气现实与市场定价分歧均衡配置以待主线确认

正文目录TOC\o"1-2"\h\z\u一、 回顾：7月全球科技剧烈调整，市场风格向红利消费倾斜 3二、 景气跟踪：油价再度反弹，科技与非科技型分化仍在延续 4上游周期：原油、化工品价格反弹，有色维持震荡，黑色商品仍然承压 4中游制造：出口仍是行业景气的主要支撑，继续关注机器人、船舶等细分方向景气趋势 6TMT：AI算力硬件维持较高景气，存储维持涨价，光模块价格环比有所下滑 7下游消费：生猪价格受供给扰动有所反弹，其余商品/服务消费指标仍未见明显好转 7公用交运&地产金融：全社会用电和发电量持续增长，地缘风险推升油运价格上涨 8三、 估值比较：“K”型分化收敛，AI科技和制造行业估值明显消化 9估值变动：“K”型分化收敛，AI科技和制造业估值明显消化 9估值水位：AI科技行业估值回落至75%-85%分位，非科技板块估值或仍将轮动修复 9四、 展望：权益市场定价型收敛，建议以均衡配置应对波动 五、 风险提示 一、回顾：7月全球科技剧烈调整，市场风格向红利+消费倾斜76AI77上证指数下跌6.4%。I申万1个行业中有4图表A股主要指数走势 上证指数 创业板指 科创50 中证2000 沪深300 中证红利5%0%26/06/3026/07/0126/07/0226/07/0326/07/0626/07/0726/07/0826/07/0926/07/1026/07/1326/06/3026/07/0126/07/0226/07/0326/07/0626/07/0726/07/0826/07/0926/07/1026/07/1326/07/1426/07/1526/07/1626/07/1726/07/2026/07/2126/07/2226/07/2326/07/2426/07/2726/07/2826/07/2926/07/3026/07/31图表申万一级行涨跌幅6月涨跌幅（%，2026/6/1-2026/6/30） 7月涨跌幅（%，2026/7/1-2026/7/31）0

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建通电筑信子材料二、景气跟踪：油价再度反弹，科技与非科技“K”型分化仍在延续上游周期：原油、化工品价格反弹，有色维持震荡，黑色商品仍然承压7①石油7布油价格全月上涨至87.9美元5.7%85%7至4041.2美元/环比下跌10.7%；供给有约束的稀土价格表现韧性，全月微涨0.8%。7种价格继续走弱，环比跌幅在、一级行业二级行业 指标环比上月同比上年年初以来一级行业二级行业 指标环比上月同比上年年初以来两年分位水 近两年趋势最新值、近五个月月底值2026-07-312026-062026-052026-042026-03贵金属伦敦金现（美元/盎司）0.8%22.8% -6.4%63.6%4041.24007.54538.24621.31059.0伦敦银现（美元/盎司）-1.6%57.1% -19.6%67.8%57.658.575.373.775.1大类 2026-07-312026-062026-052026-042026-03铜:期货价（万元/吨） 3.0% 34.6% 6.9% 97.4% 10.6 10.2 10.5 10.1 9.6工业金属铝:期货价（万元/吨） 4.8% 15.0% 4.1% 79.7% 2.4 2.3 2.4 2.4 2.5氧化铝:期货价（元/吨） -5.6% -19.0% -4.7% 3.0% 2635.0 2790.0 2888.0 2863.0 2874.0大宗 锡:期货价（万元/吨） 8.9% 59.3% 29.9% 96.0% 42.4 38.9 42.6 38.3 36.9周期有色金属 2026-07-312026-062026-052026-042026-03碳酸锂:期货价（万元/吨） -10.7%107.1% 16.5% 72.7% 14.1 15.7 18.0 18.6 16.3能源金属工业硅:期货价（万元/吨） -2.4% -7.7% -7.5% 7.1% 0.8 0.8 0.9 0.9 0.8镍:期货价（万元/吨） 4.5% 9.6% -1.0% 72.7% 13.2 12.6 14.4 14.9 13.6钴:期货价（美元/吨） 0.0% 68.9% 5.5% 71.6% 5.6 5.6 5.6 5.6 5.6 2026-07-312026-062026-052026-042026-03小金属稀土价格指数0.8% 30.8% 86.4%267.4265.2247.9273.7257.3锑:现货价（万元/吨）-22.6% -52.4% 0.0%8.911.514.916.016.8图表上游周期：7月价、工品价反弹大类一级行业二级行业指标环比上月同比上年年初以来近两年分位近两年趋势最新值、近五个月月底值2026-07-312026-062026-052026-042026-03煤炭

布伦特原油:期货价（美元/桶） 20.5% 22.6% 44.5% 85.1% 87.9 73.0 91.1 110.4 104.0NYMEXRBOB汽油:期货价（美分/加仑） 7.6% 43.3% 81.6% 90.4% 3.1 2.9 3.0 3.6 3.2NYMEX天然气:期货价（美元/百万英热） 38.1% 66.1% 95.5% 98.4% 144.3 104.5 110.8 112.9 128.12026-07-302026-062026-052026-042026-03焦炭:期货价（元/吨） -5.5% 14.6% 18.1% 74.9% 1784.0 1887.0 1737.5 1696.5 1725.5焦煤:库提价:山西产（元/吨） -5.0% 24.4% 20.1% 92.7% 2090.0 2200.0 1830.0 1710.0 1750.02026-07-312026-062026-052026-042026-03库存量:炼焦煤:国内样本钢厂 -3.3% -6.0% -5.9% 17.6% 755.3 781.4 784.4 781.7 1059.0库存量:炼焦煤:国内独立焦化厂 -11.2% -9.3% -14.6% 27.7% 765.6 861.7 988.5 928.2 887.72026-07-312026-062026-052026-042026-03中国化工产品价格指数 5.7% 16.3% 21.3% 85.2% 4768.0 4511.0 4916.0 5317.0 5278.0聚乙烯:现货价 9.5% 16.5% 29.9% 56.7% 9200.0 8400.0 9900.0 10600.0 10500.0丙烯:山东地区市场价 3.3% 26.5% 38.2% 83.7% 7900.0 7645.0 9110.0 9630.0 8315.0丁二烯:现货价 12.4% 10.5% 19.8% 44.2% 10000.0 8900.0 11800.0 13300.0 18200.0纯苯:现货价 14.2% 28.1% 47.8% 75.2% 7790.0 6820.0 7620.0 8750.0 8430.0石油化工对二甲苯:现货价 9.1% 20.7% 18.8% 85.7% 8373.0 7678.0 8604.0 9824.0 9659.0乙二醇:现货价 27.5% 19.8% 46.2% 99.5% 5380.0 4220.0 4530.0 5190.0 5160.0环氧丙烷:现货价 18.5% 17.9% 15.1% 86.1% 9160.0 7730.0 9760.0 10340.0 12940.0丙烯酸:现货价 6.7% 11.7% 28.8% 69.3% 7150.0 6700.0 7800.0 9400.0 11600.0丙烯酸丁酯:现货价 18.0% 10.8% 25.2% 42.7% 8200.0 6950.0 8550.0 9400.0 12350.0甲醇(港口):现货价 -3.6% 11.7% 20.8% 75.2% 2670.0 2770.0 3090.0 3300.0 3420.0醋酸:现货价 1.0% 29.9% 14.6% 84.6% 2910.0 2880.0 2750.0 3020.0 3750.0大宗正丁醇:现货价15.0%14.0%16.9%大宗正丁醇:现货价15.0%14.0%16.9%55.7%6900.06000.06900.07600.08200.0周期丙烯腈:现货价11.0%42.3%54.7%94.0%11600.010450.010600.010900.011600.0橡胶天然橡胶(标准胶1#):现货价丁苯橡胶(1502):现货价-1.2%10.1%13.0%9.2%7.8%14.4%57.9%48.0%16500.013100.016700.011900.017600.014700.017200.015900.016400.018200.0沥青:华东地区市场价-3.7%23.3%50.8%89.2%4660.04840.04780.04600.04600.0丙酮:现货价20.8%25.8%48.8%73.1%6100.05050.07150.07800.07550.0基础化工苯酚:现货价9.7%27.1%45.7%86.8%8450.07700.07350.08350.08900.0塑料聚氯乙烯:现货价3.0%-10.5%-0.2%8.4%4530.04400.04840.05150.05560.0低密度聚乙烯:现货价11.0%6.0%22.4%57.6%10100.09100.010380.011600.011050.0甲醛:现货价-4.5%16.4%23.1%84.6%1280.01340.01380.01390.01380.0环氧氯丙烷:现货价10.7%2.3%0.5%74.5%11790.010650.011180.013090.013280.0氟化工氢氟酸:华南地区市场价4.3%47.0%26.7%95.2%14700.014100.014800.014800.012000.0二氯甲烷:华南地区市场价8.5%0.0%16.4%43.6%3200.02950.03300.03350.03400.0尿素(46%):现货价-3.0%-0.3%3.2%34.2%1785.01840.01860.01895.01875.0液氨:现货价-2.3%-15.0%-6.7%8.5%2160.02210.02260.02640.02430.0硫磺(固态):现货价0.2%286.9%129.8%95.3%9170.09150.07420.06520.05580.0农化制品磷酸二铵:现货价 0.0% 25.0% 13.4% 94.1% 5000.0 5000.0 4450.0 4450.0 4450.0钾肥:现货价 -2.3% -2.8% -3.5% 40.5% 3145.0 3220.0 3245.0 3255.0 3240.0含硫复合肥:价格指数 0.0% 17.9% 10.7% 86.1% 3484.0 3484.0 3484.0 3484.0 3363.0含氯复合肥:价格指数 1.8% 17.2% 14.0% 97.5% 2959.0 2907.0 2892.0 2872.0 2768.0对二甲苯(PX):现货价 9.1% 20.7% 18.8% 85.7% 8373.0 7678.0 8604.0 9824.0 9659.0精对苯二甲酸(PTA):现货价 1.2% 21.9% 15.7% 83.1% 5890.0 5820.0 6250.0 6920.0 6740.0化学纤维聚酰胺6切片(常规纺):现货价 12.7% 29.8% 26.5% 77.2% 12400.0 11000.0 11500.0 12700.0 13300.0聚对苯二甲酸乙二酯切片:现货价 5.9% 24.4% 24.0% 84.4% 7540.0 7120.0 8500.0 9370.0 8580.0涤纶长丝:江浙地区市场价 4.6% 31.7% 31.7% 87.4% 9150.0 8750.0 9050.0 9400.0 9700.0腈纶短纤:现货价 -1.2% 16.5% 18.7% 83.4% 15900.0 16100.0 16100.0 16100.0 15300.0图表上游周期：7月铁、材品种格多数调大类一级行业二级行业指标环比上月同比上年年初以来两年分位水近两年趋势最新值、近五个月月底值2026-07-312026-062026-052026-042026-03铁矿石:期货价（元/铁矿石:期货价（元/吨）-3.6%-8.4%-9.0%13.7%718.5745.5782.5793.5811.0螺纹钢:期货价（元/吨）-2.3%-7.1%-3.6%4.9%3013.03084.03157.03204.03130.0不锈钢:期货价（元/吨）0.3%14.2%11.9%88.4%14660.014610.014905.015480.014225.0钢铁线材:期货价（元/吨）-3.0%-5.4%-4.8%11.2%3266.03368.03361.03211.03280.0热轧卷板:期货价（元/吨）-2.4%-5.6%-1.3%18.2%3230.03311.03378.03413.03301.02026-07-312026-062026-052026-042026-03库存量:国内主要钢材（万吨）1.8%26.4%40.0%77.0%1190.71169.11129.61214.51387.3开工率:螺纹钢:主要钢厂-4.0%-9.7%2.6%34.8%39.741.341.640.039.02026-07-202026-062026-052026-042026-03水泥:市场价（元/吨）-3.9%-9.8%-11.1%0.0%250.0259.1257.5263.6275.5建筑材料浮法玻璃:市场价（元/吨）-1.3%-9.2%-2.8%0.0%1100.41113.51140.11154.51191.0纯碱:现货价（元/吨）-5.2%-9.5%-10.6%1.5%1095.01140.01200.01230.01230.0混凝土:价格指数-0.5%-7.8%-2.4%1.1%88.288.689.489.990.0中游制造：出口仍是行业景气的主要支撑，继续关注机器人、船舶等细分方向景气趋势近一个月，中游制造板块延续此前逻辑，行业景气度仍依赖出口，继续关注机器人、船舶行业的景气度变化。具体来看：①环比微跌重卡销量同比增长②7③6④6中新能源汽车出口同比高增大类一级行业二级行业指标环比上月同比上年年初以来近两年分位近两年趋势最新值、近五个月月底值2026-07-312026-062026-052026-042026-03大类一级行业二级行业指标环比上月同比上年年初以来近两年分位近两年趋势最新值、近五个月月底值2026-07-312026-062026-052026-042026-03价格指数:机械设备-0.2%-0.9%0.0%46.1%102.7102.9103.0102.3101.62026-06-302026-052026-042026-032026-02出口金额:通用机械设备（万美元）11.0%15.2%/95.7%673789.8606774.4592616.0499805.6616160.6机械设备挖掘机械:国内销量（台）-6.3%33.9%/73.9%10898.011628.016920.024101.06755.0挖掘机械:出口销量（台）10.5%36.4%/100.0%14547.013166.011825.013301.010471.0重卡:销量6.5%19.2%/91.3%116633.0109486.0116973.0138946.073553.0工业机器人:产量9.4%48.1%/100.0%110702.0101150.093246.091954.00.02026-07-292026-062026-052026-042026-03光伏级多晶硅:现货价-2.6%-15.4%-35.7%0.0%4.24.34.64.74.9多晶硅片(156mm×156mm):现货价0.0%-21.8%-32.7%1.0%0.070.070.070.070.08晶硅光伏组件:现货价0.0%22.7%5.2%73.1%0.080.080.090.090.09太阳能电池:现货价-3.1%0.0%-26.2%25.1%0.030.030.040.040.04光伏 2026-06-302026-052026-042026-032026-02光伏出口金额（亿美元） 11.6% 13.2% / 24.9 22.3 31.2 45.3 20.5 2026-06-302026-052026-042026-032026-02国内光伏新增装机容量（万千瓦）43.9%-13.1%国内光伏新增装机容量（万千瓦）43.9%-13.1%/30.4%1248.3867.3951.9891.1/国内风电新增装机容量（万千瓦）258.0%165.5%-64.3%87.0%1357.0379.1549.4472.8/2026-07-302026-062026-052026-042026-03山东市场:市场价:碳酸二甲酯12.1%2.2%5.6%81.8%3950.03525.03450.03650.04115.0六氟磷酸锂:价格0.0%109.0%-41.7%70.0%105000.0105000.0120000.098500.0106500.0华南:现货平均价:电解镍(Ni9996)5.3%7.1%-6.2%72.2%133500.0126800.0145000.0151600.0139400.0平均价:电解锰(1#):有色市场-1.7%25.7%-5.2%74.5%18890.019210.019040.019590.019420.0碳酸锂(99.5%电,国产):市场价-6.7%100.4%23.2%76.1%146120.0156540.0177650.0177150.0162960.0电解液(锰酸锂):市场价0.0%107.8%1.1%78.3%22750.022750.021750.022250.023250.0电池氢氧化锂(56.5%,国产):市场价-6.9%104.3%21.3%74.2%133840.0143780.0163550.0164620.0150420.0三元材料(523):市场价-5.3%58.7%4.2%72.8%176.1186.1198.2200.9193.7钴粉(-200目,国产):市场价-8.6%67.0%-13.8%60.8%452.5495.0539.5553.0567.5四氧化三钴(≥72%,国产):市场价-8.7%45.1%-19.0%60.2%305.0334.0349.0362.5379.0华南:现货平均价:电解钴(Co99.98)-8.5%35.2%-24.0%60.1%346000.0378000.0421000.0420000.0423000.0 2026-06-302026-052026-042026-032026-02中游制造动力电池:装车量（兆瓦时）6.4%31.4%/87.0%76500.071900.062400.056500.026300.0锂离子蓄电池:出口金额（亿美元）8.3%31.7%/95.7%86.980.379.897.567.62026-06-302026-052026-042026-032026-02国防军工 新造船价格指数0.4%2.6%2.3%95.7%1136.01131.01126.01120.01116.0出口金额:船舶（亿美元）16.2%42.3%/90.9%63.754.848.743.240.62026-06-302026-052026-042026-032026-02乘用车:销量（万辆）6.6%-5.3%/47.8%240.2225.3212.9241.2153.6乘用车乘用车:出口数量（万辆）9.1%77.7%/100.0%93.685.780.565.262.7新能源汽车:销量（万辆）9.8%23.6%/87.0%164.3149.6134.4125.276.5新能源汽车:出口数量（万辆）17.3%155.1%/100.0%52.344.643.037.128.2汽车 商用车商用车:销量（万辆）8.5%10.7%/87.0%40.937.639.748.726.9商用车:出口数量（万辆）2.1%43.9%/91.3%13.313.013.312.810.9汽车用发动机:销售数量（万台）3.1%-9.9%/21.7%171.4166.3182.9230.3122.0汽车零部件车用发动机:出口数量（万台）8.1%29.0%/73.9%40.037.039.030.033.0汽车零配件:出口金额（万美元）12.1%19.0%/100.0%978145.7872394.7859906.5735013.8780103.0摩托车摩托车:出口数量（万辆）14.7%34.4%/100.0%571.0498.0441.0306.0380.0TMT：AI算力硬件维持较高景气，存储维持涨价，光模块价格环比有所下滑近一个月，体来看：①电子月全球和大陆半导体销售额同比分别增长AI7月9.8%19.8%62AI②计算机6/图表TMT：AI算力硬件持较景气，储仍涨价，模块价环比所下滑大类一级行业二级行业指标环比上月同比上年年初以来两年分位水近两年趋势最新值、近五个月月底值2026-07-302026-062026-052026-042026-03半导体电子

DXI指数 9.8% 988.0%102.7% 99.9% 944477.3859875.6718032.8673722.1670042.9DRAM:DDR3:现货平均价（美元） 8.8% 733.2% 75.0% 99.9% 51.0 46.8 41.9 39.0 37.4 2026-07-202026-062026-052026-042026-03NANDFlash:现货平均价（美元） 12.0% 424.0%357.8% 99.2% 32.6 31.1 24.3 19.6 15.0Wafer(512GbTLC):现货平均价（美元） -7.3% 608.2% 45.0% 80.5% 18.9 19.9 20.6 20.6 22.2 2026-05-312026-042026-032026-022026-01全球销售额:半导体:当月值（十亿美元） 9.2% 104.4% / 100.0% 120.6 110.5 99.5 89.2 82.5中国销售额:半导体:当月值（十亿美元） 10.7% 87.0% / 100.0% 32.0 28.9 26.7 23.7 22.82026-06-302026-052026-042026-032026-02中国:智能手机:出货量（万部）-36.0%-16.6%中国:智能手机:出货量（万部）-36.0%-16.6%/4.3%1714.92680.42503.62008.71625.8中国:上市新机型数量:智能手机（款）26.7%90.0%/34.8%19.015.050.015.018.02026-06-302026-052026-042026-032026-02出口金额:光模块（亿美元）4.5%73.9%/100.0%7.16.86.25.04.2通信出口数量:光模块（千克）6.6%31.1%/95.7%412586.0387115.0358697.0299335.0284483.0出口平均单价:光模块（美元/千克）-2.0%32.7%/95.7%1723.81758.81715.81673.71475.22026-06-302026-052026-042026-032026-02销售量:品牌台机/一体机/服务器（万件）-26.2%-28.7%/13.0%25.634.723.842.717.2计算机销售均价:品牌台机/一体机/服务器（元/件）53.7%14.4%/100.0%4328.6 2026-06-302816.92026-054082.42026-042724.42026-033729.62026-02软件业务收入（亿元）-6.6%-0.4%/87.0%14731.015765.011766.013386.010767.02026-07-312026-062026-052026-042026-03传媒 国产游戏版号发放数量（个）18.4%52.0%34.0%100.0%193.0163.0154.0147.0130.0进口游戏版号发放数量（个）-50.0%-42.9%33.3%12.5%4.08.04.07.03.0TMT

消费电子销售量:智能设备（万件） 1.2% -40.8% / 30.4% 598.2 590.9 478.0 461.7 562.2 游戏螺，易雷火U 下游消费：生猪价格受供给扰动有所反弹，其余商品服务消费指标仍未见明显好转指标未见明显好转，6①776、15.2%②666。③月BD、。大类图表下游消费：猪价格比反，其余品服务消指标仍见明好转大类一级行业二级行业 指标环比上月同比上年年初以来两年分位水 近两趋势最新值、近五个月月底值2026-07-302026-062026-052026-042026-03市场价:生猪(外三元)（元）8.1%-26.5%-14.9%15.9%10.59.79.69.89.7农林牧渔平均批发价:猪肉（元）11.5%-22.8%-9.3%17.0%16.014.314.915.215.3平均批发价:白条鸡（元）-2.0%1.2%-3.9%8.0%17.117.416.917.317.22026-07-312026-062026-052026-042026-03四川:白酒批发价格总指数-0.6%-3.5%-2.4%0.0%105.56106.2106.47106.8107.14食品饮料纺织服饰家用电器下游消费轻工制造

2026-07-232026-062026-052026-042026-03平均价:生鲜乳（元/公斤） 1.0% 1.0% 1.0% 57.6% 3.06 3.04 3.03 3.02 3.022026-07-302026-062026-052026-042026-03到厂价:纱线（元/吨） 0.2% 9.2% 8.1% 93.7% 21580.0 21530.0 21590.0 21400.0 20570.0生丝:价格（元/吨） -0.3% -9.5% -7.2% 1.1% 424800.0426000.0444600.0447300.0 450300.0千足金饰品:价格（元/克） 2.5% 26.5% -8.6% 65.8% 1218.0 1188.0 1345.0 1390.0 1375.02026-06-302026-052026-042026-032026-02商品零售额:家电和音像器材类（亿元） 28.2% -11.0% / 85.7% 1249.5 975.0 775.7 938.0 1571.8出口金额:家用电器（亿美元） 3.1% 15.3% / 95.7% 92.6 89.8 92.7 75.9 78.02026-06-302026-052026-042026-032026-02限上商品零售额:家具类（亿元） 17.2% -15.2% / 61.9% 176.2 150.3 133.9 149.3 275.5出口金额:家具及其零件（亿美元） 5.5% 9.0% / 82.6% 60.6 57.4 55.7 39.6 52.5限上商品零售额:文化办公用品类（亿元） 50.7% 10.2% / 90.5% 588.0 390.2 331.9 470.3 693.7出口金额:文化产品（亿美元） 21.6% -5.6% / 82.6% 128.9 106.0 100.7 75.8 81.2 2026-07-312026-062026-052026-042026-03出厂平均价:瓦楞纸:玖龙纸业（元/吨）2.6%23.2%8.0%95.2%3930.03830.03730.03530.03580.02026-06-302026-052026-042026-032026-02社零总额:餐饮收入（亿元）3.5%1.3%/61.9%4766.54605.14259.84359.4275.5社会服务浦东国际机场:旅客吞吐量（万人次）-2.0%-0.5%/26.1%686.4700.5708.4743.352.5电影票房收入（亿元）-41.1%-13.7%/13.0%16.527.910.421.2693.72026-06-302026-052026-042026-032026-02免税销售额（亿元）-23.0%2.4%/4.3%15.119.622.236.260.6社会零售规上快递业务量（亿件）-4.3%3.8%/73.9%175.1183.0168.4172.452.5规上快递业务单价（元/件）3.4%3.8%/73.9%7.87.57.77.6693.72026-07-312026-062026-052026-042026-03中国BD交易数量（笔）-20.7%64.3%/80.0%46.058.035.047.036.0医药生物中国BD交易总金额（亿美元）-9.4%-13.7%/70.0%129.4142.8271.149.765.6中国BD交易单笔金额（亿美元）14.3%-47.5%/60.0%2.82.57.71.11.8 医药魔 公用交运&地产金融：全社会用电和发电量持续增长，地缘风险推升油运价格上涨磨底。具体地：①公用交运：676。地产建筑：30PMI4.1处-40.5%的低位，基建实物工作量落地仍然不足。③7月A6，1.4%月A2.70，但同比增长大类一级行业二级行业指标环比上月同比上年年初以来两年分位水 近两年趋势最新值、近五个月月底值2026-06-302026-052026-042026-032026-02图表公用建筑地大类一级行业二级行业指标环比上月同比上年年初以来两年分位水 近两年趋势最新值、近五个月月底值2026-06-302026-052026-042026-032026-02全社会用电量（亿千瓦时） 3.6% 3.6% / 77.3% 8981.5 8671.3 8205.2 8594.8 8595.0公用事业 2026-06-302026-052026-042026-03公用事业 2026-06-302026-052026-042026-032026-02发电量（亿千瓦时）5.5%3.9%/73.9%8275.67842.57439.88024.8/2026-07-302026-062026-052026-042026-03原油运输指数(BDTI)36.7%186.8%96.4%91.1%2590.01895.02068.02767.03705.0交通运输波罗的海干散货指数(BDI)6.9%34.0%42.4%88.5%2673.02501.03224.02686.01995.0INE集运指数(欧线):期货结算价（元/吨）-23.0%32.7%55.0%78.1%2834.03680.02999.01782.81682.02026-07-312026-062026-052026-042026-03建筑业PMI（%）-4.1%-7.1%/0.0%47.049.048.848.03705.0建筑装饰建筑业PMI:新订单（%）-13.4%-6.1%/8.7%40.146.343.541.61995.0开工率:石油沥青装置（%）37.6%-40.5%/13.0%18.913.816.317.71682.02026-07-312026-062026-052026-042026-0330城商品房成交面积:日均（万平方米）-26.4%3.0%/21.7%21.228.825.323.527.4房地产 2026-07-202026-062026-052026-042026-03二手房出售挂牌价指数:日均-0.5%-7.8%/0.0%141.6142.3143.0143.6144.52026-06-302026-052026-042026-032026-02保费收入:保险公司（亿元）45.4%-1.4%/82.6%6654.94578.34225.16682.64571.7非银金融 2026-07-312026-062026-052026-042026-03A股日均成交额（万亿元）-13.9% 65.3% /89.7%2.703.13 3.20 2.36 2.33A股日均成交额（万亿元）