1 月下旬，沿海主要枢纽港口货物吞吐量同比增长12.2%，其中外贸货物吞吐量同比增长7.2%。八大枢纽港集装箱吞吐量同比增长20.5%，其中外贸箱吞吐量同比增长19.8%，内贸箱同比增长23.4%，工厂春节前加快出货带动港口吞吐量高增。

1. 1 月下旬港口数据.....................................................................................................................5

1.1. 1 月下旬沿海主要枢纽港口货物吞吐量同比+12.2% ......................................................................5

1.2. 1 月下旬八大枢纽港口集装箱吞吐量同比+20.5% ................................................................5

1.3. 1 月下旬原油、煤炭增速进一步加快，铁矿石吞吐量有所回落.............................................6

2. 12 月全月港口数据...................................................................................................................9

2.1. 12 月份沿海主要港口货物吞吐量当月同比+3.0% .........................................................9

2.2. 12 月份八大枢纽港口集装箱吞吐量同比+6.4% .................................................................10

2.3. 12 月份液体散货吞吐量由负转正，干散货吞吐量增速持续回落.........................................10

2.4. 12 月份全国沿海港口当月货物吞吐量同比+3.0% ........................................................................13

3. 1 月下旬航运运价指数............................................................................................................14

3.1. 1 月下旬波罗的海干散货指数（BDI）环比下降20.2%....................................................14

3.2. 1 月下旬原油运输指数（BDTI）环比上涨0.6% ......................................................................15

3.3. 1 月下旬集装箱运价指数SCFI、CCFI 环比分别-0.3%、+3.7%........................................15

4. 投资建议................................................................................................................................16

5. 风险提示................................................................................................................................16