国内外价差：1）煤炭板块：价格整体回落。上周，动力煤（国内京唐港 Q5500）均价1021.60 元/吨，环周-42.15 元/吨，（国内-海外）价差下行至-847.66 元/ 吨，位于2017 年以来的6.6%分位数。焦煤（京唐港主焦煤）均价2300 元/吨，环周-70 元/吨，（国内-海外）价差基本持平，达240.23 元/吨，位于2017 年以来的18.6%分位 数。2）金属板块：国内需求支撑下，金属（国内-海外）价差普遍上行。上周铜、铝、镍 （国内-海外）价差分别为7999.45 元/吨、2442.41 元/吨、19479.88 元/吨，处于2017 年以来的70.6%、80.0%、82.6%分位数（上周分别为66.6%、76.0%、70.6%）。3）农 产品板块：上周棉花、玉米、小麦（国内-海外）价差持稳。

1 上周总结 ................................................................................................................................................................. 3

2 板块涨跌幅逻辑 ....................................................................................................................................................... 5

3 板块涨跌幅 ........................................................................................................................................................... 10

3.1 上周板块表现 .................................................................................................................................................................................... 10

3.2 八大板块涉及的23 个中信一级行业 ........................................................................................................................................... 10

4 板块信息跟踪........................................................................................................................................................ 12

4.1 能源与资源板块 ................................................................................................................................................................................ 12

4.2 碳中和板块 ........................................................................................................................................................................................ 15

4.3 数字经济板块 .................................................................................................................................................................................... 18

4.4 传统消费板块 .................................................................................................................................................................................... 19

4.5 粮食安全板块 .................................................................................................................................................................................... 20

4.6 稳增长板块 ........................................................................................................................................................................................ 21

4.7 疫后复苏板块 .................................................................................................................................................................................... 24

4.8 新消费板块 ........................................................................................................................................................................................ 25

5 风险提示 .............................................................................................................................................................. 27

插图目录 .................................................................................................................................................................. 28