行业关键数据更新20190603国泰君安24页

EquityResearchEquityResearchReportCriticalSectorDataUpdateSectorReport行业关键数据更新股票研究行业报告证券研究报告ResearchDepartment研究部3June2019CriticalSectorDataUpdate行业关键数据更新SeethelastpagefordisclaimerCriticalSectorDataUpdate行业关键数据更新3June2019Page1of24CriticalSectorDataUpdateSector:Oil&Gas,PetrochemicalsSector:NonferrousMetals,PreciousMetalFigure11-YCrudeOilPricesFigure210-YCrudeOilPrices一年国际油价十年国际油价BrentOilSpotWTIOilSpotDubaiOilSpotYTD17.7%17.8%15.5%YTDYOY-5.3%-11.2%-1.7%wow-11.2%-8.4%-9.8%mom-12.7%-13.6%-13.5%yoy-18.4%-18.7%-19.2%52wH/L86/5076/4284/4930405060708090Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19BrentOilSpot(US$/bbl)WTIOilspot(US$/bbl)DubaiOilSpot(US$/bbl)0408012016020092010201120122013201420152016201720182019BrentOilSpot(US$/bbl)WTIOilSpot(US$/bbl)DubaiOilSpot(US$/bbl)Source:BloombergSource:BloombergFigure33-YDomesticGasoline&DieselRetailPriceCap三年国内汽油柴油最高零售价Gasoline(RMB/Tonne)Diesel(RMB/Tonne)YTD13.8%15.1%YTDYOY-1.9%-2.1%wow0.6%0.6%mom-0.3%-0.3%yoy-3.1%-3.4%52wH/L9686/77668710/68605,000.006,000.007,000.008,000.009,000.0010,000.0011,000.0012,000.00Jun/16Dec/16Jun/17Dec/17Jun/18Dec/18Jun/19Gasoline(RMB/Tonne)Diesel(RMB/Tonne)Source:ChinaNDRCFigure41-YGoldPrices&DollarIndexFigure510-YGoldPrices&DollarIndex一年国际金价和美元指数十年国际金价和美元指数GoldPriceDollarIndex(RHS)YTD2.5%1.7%YTDYOY-2.2%6.6%wow1.6%0.1%mom2.3%0.2%yoy1.2%3.8%52wH/L1341/117498/9387909396991021051,0001,1001,2001,3001,4001,500Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19Goldprice(USD/Oz)DollarIndex(RHS)7075808590951001052005008001,1001,4001,7002,0002,30020092010201120122013201420152016201720182019Goldprice(USD/Oz)DollarIndex(RHS)Source:BloombergSource:BloombergSeethelastpagefordisclaimerCriticalSectorDataUpdate行业关键数据更新3June2019Page2of24CriticalSectorDataUpdateFigure6&71-YCopperPrices&StockFigure8&910-YCopperPrices&Stock一年铜价格与库存十年铜价格与库存LMECopperPriceLMECopperInventoryYTD-2.3%60.4%YTDYOY-10.3%N/Awow-2.1%14.1%mom-6.5%-7.1%yoy-15.5%-33.3%52wH/L7332/5736317950/111775SHFECopperPriceSHFECopperInventoryYTD-4.0%39.4%YTDYOY-7.2%N/Awow-2.0%-4.0%mom-5.6%-21.8%yoy-10.2%-39.2%52wH/L54250/46230272254/97979100,000150,000200,000250,000300,000350,0004,0004,5005,0005,5006,0006,5007,0007,500Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19LMECopperPrice(USD/Tonne)LMECopperInventory(Tonne-RHS)050,000100,000150,000200,000250,000300,00015,00020,00025,00030,00035,00040,00045,00050,00055,00060,000Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19SHFECopperprice(RMB/Tonne)SHFECopperInventory(Tonne-RHS)0100,000200,000300,000400,000500,000600,000700,000800,00002,0004,0006,0008,00010,00012,00020092010201120122013201420152016201720182019LMECopperPrice(USD/Tonne)LMECopperInventory(Tonne-RHS)050,000100,000150,000200,000250,000300,000350,000400,000450,000010,00020,00030,00040,00050,00060,00070,00080,00020092010201120122013201420152016201720182019SHFECopperprice(RMB/Tonne)SHFECopperInventory(Tonne-RHS)Source:BloombergSource:BloombergFigure10&111-YAluminumPrices&StockFigure12&1310-YAluminumPrices&Stock一年铝价格与库存十年铝价格与库存LMEAluminumPriceLMEAluminumInventoryYTD-2.8%-9.1%YTDYOY-15.5%N/Awow-0.3%-4.5%mom-0.3%-7.6%yoy-22.1%-4.3%52wH/L2345/17791304000/926100SHFEAluminumPriceSHFEAluminumInventoryYTD3.5%-24.5%YTDYOY-5.3%N/Awow-0.8%-5.9%mom-0.3%-18.4%yoy-3.8%-47.8%52wH/L15035/13275972707/5073530200,000400,000600,000800,0001,000,0001,200,0001,400,0001,4201,5201,6201,7201,8201,9202,0202,1202,2202,3202,420Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19LMEAluminumPrice(USD/Tonne)LMEAluminumInventory(Tonne-RHS)0200,000400,000600,000800,0001,000,0001,200,0008,0009,00010,00011,00012,00013,00014,00015,00016,000Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19SHFEAluminumprice(RMB/Tonne)SHFEAluminumInventory(Tonne-RHS)01,000,0002,000,0003,000,0004,000,0005,000,0006,000,00005001,0001,5002,0002,5003,00020092010201120122013201420152016201720182019LMEAluminumPrice(USD/Tonne)LMEAluminumInventory(Tonne-RHS)0200,000400,000600,000800,0001,000,0001,200,00002,0004,0006,0008,00010,00012,00014,00016,00018,00020,00020092010201120122013201420152016201720182019SHFEAluminumprice(RMB/Tonne)SHFEAluminumInventory(Tonne-RHS)Source:BloombergSource:BloombergSeethelastpagefordisclaimerCriticalSectorDataUpdate行业关键数据更新3June2019Page3of24CriticalSectorDataUpdateFigure14&151-YZincPrices&StockFigure16&1710-Yand5-YZincPrices&Stock一年锌价格与库存十年及五年锌价格与库存LMEZincPriceLMEZincInventoryYTD2.3%-22.1%YTDYOY-17.7%N/Awow-1.4%-1.8%mom-8.9%14.8%yoy-18.6%-59.0%52wH/L3216/2300256175/50425SHFEZincPriceSHFEZincInventoryYTD-0.8%195.2%YTDYOY-14.9%N/Awow0.8%5.4%mom-6.1%-17.7%yoy-15.9%-25.2%52wH/L24440/19715124038/2010310,00060,000110,000160,000210,000260,000310,0001,4001,6001,8002,0002,2002,4002,6002,8003,0003,2003,400Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19LMEZincPrice(USD/Tonne)LMEZincInventory(Tonne-RHS)15,00065,000115,000165,000215,000265,00012,00014,00016,00018,00020,00022,00024,00026,00028,000Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19SHFEZincprice(RMB/Tonne)SHFEZincInventory(Tonne-RHS)0200,000400,000600,000800,0001,000,0001,200,0001,400,00005001,0001,5002,0002,5003,0003,5004,00020092010201120122013