Review of this week's plate performance: this week (April 22-April 26), in the primary industry of SW, the cumulative rise and fall of the transportation industry is + 0.Deuceswildpoker.89%, ranking 19thDeuceswildpokerThe CSI 300 index rose or fell by + 1.20%. The cumulative increases and decreases of each sub-sector of SW transportation are: airport (+ 4.61%), express delivery (+ 4.22%), public transportation (+ 2.47%), cross-border logistics (+ 2.25%), warehousing logistics (+ 1.94%), road freight (+ 1.18%), railway (- 0.73%), shipping (- 1.68%), highway (- 1.77%), port (- 2.85%). Airport fundamentals tracking: according to the flight butler platform data, in the 17th week of 2024 (2024.4.21-4.27), the national civil aviation carried out a total of 100,000 passenger flights, with an average of 14294 daily sorties. Of these, the number of domestic flights was 87091, with a weekly ratio of + 2.02%, returning to 109.0% in 2019; the number of international and regional flights was 10648, with a weekly ratio of + 3.88%, returning to 73.1% in 2019. As of April 22, 2024, flight volume in major overseas countries recovered 21 per cent in the US, 82 per cent in Germany, 52 per cent in France, 100 per cent in the UK, 126 per cent in Italy, 63 per cent in the Netherlands, 66 per cent in Japan, 77 per cent in South Korea, 53 per cent in Indonesia, 83 per cent in Malaysia, 81 per cent in Singapore and 67 per cent in Thailand, according to OAG. Oil price and exchange rate: as of April 26, 2024, Brent oil price closed at 88.21 US dollars per barrel, + 13.5% year-on-year, + 23% compared with 2019; RMB exchange rate closed at 7.11, + 2.6% year-on-year, + 5.6% compared with 2019. Shipping port fundamentals tracking: gathering: as of April 26, 2024, the SCFI index closed at 1941 points, with a weekly ratio of + 9.67%, a year-on-year ratio of + 94.12%, a year-on-year ratio of + 0.60%, and a year-on-year ratio of + 23.76%. In terms of routes, the CCFI US-East route closed at 1027 points, with a weekly ratio of-1.08%, a year-on-year ratio of + 11.21%, a weekly ratio of-0.53%, a year-on-year ratio of + 25.79% to 1669 points, a weekly ratio of-2.97%, a year-on-year ratio of + 41.04% to the Mediterranean Mediterranean close of 2308 points, a weekly ratio of + 2.93%, and a year-on-year ratio of + 36.38%. Oil transportation: as of April 26, 2024, the BDTI index closed at 1112 points, with a month-on-week ratio of-0.18%, a year-on-year ratio of + 4.12%, a week-on-week ratio of-8.12% and a year-on-year ratio of + 16.07%. Dry bulk freight: as of April 26, 2024, the BDI index closed at 1721 points, with a weekly ratio of-10.32%, with a year-on-year ratio of + 12.04%. In terms of ship division, the BPI index closed at 1878 points, with a weekly ratio of-1.98%, a year-on-year ratio of + 14.51%, a weekly ratio of-23.49%, and a year-on-year ratio of + 3.43%. The BPI index closed at 1495 points, with a weekly ratio of + 7.25% and a year-on-year ratio of + 24.27%. Road and railway fundamentals tracking: railway: in March 2024, railway passenger volume was 321 million, an increase of 14.56% over the same period last year; railway passenger turnover was 1136.21 billion person-kilometers, an increase of 8.93% over the same period last year; railway freight volume was 435 million tons, down 1.48% from the same period last year; rail freight turnover was 303.945 billion ton-km, down 6.47% from the same period last year. Highway: in March 2024, highway passenger volume was 964 million, an increase of 6.45 percent over the same period last year; highway passenger turnover was 407.4 billion person-kilometers, an increase of 8.9 percent over the same period last year; road freight volume was 3.553 billion tons, an increase of 1.15 percent over the same period last year; road freight turnover was 655.754 billion ton-kilometers, an increase of 2.54 percent over the same period last year. Tracking of express logistics fundamentals: express delivery: in March 2024, the revenue of the express delivery industry reached 112.83 billion yuan, up 13.2% from the same period last year; the volume of express delivery business was 13.849 billion, up 20.1% from the same period last year. In March 2024, the unit price of express delivery business was 8.15 yuan per unit, down 12.16% from the same period last year. The main news of this week: airports: 1) Air China and China Southern Airlines respectively ordered 100 C919 aircraft from Comac; 2) the Ministry of Culture and Tourism announced new measures to resume cross-strait tourism; 3) Chinese and US foreign ministers held talks in Beijing and reached a consensus on five points. Shipping ports: 1) Dafei, COSCO, Evergreen, Yangming and other intensive new routes to South America; 2) Hebrot won the shippers' alliance ZEMBA two-year transportation contract; 3) PSA reached strategic cooperation with Liaoning Port Group. Roads and railways: 1) Nanxiong-Xinfeng Expressway is expected to be completed and opened to traffic in the first half of 2024; 2) Hunan Provincial Department of Communications transports stranded railway passengers efficiently; 3) the railway-water intermodal transport project in Wushuanggang area is carried out in an orderly manner and is expected to be completed in 2025 to further connect the Beijing-Kowloon Railway and the golden waterway of the Yangtze River. Express logistics: 1) the State Post Bureau investigated the construction of Shanghai rural delivery logistics system; 2) Shanghai Post Express and Air Freight docking Seminar was held; 3) the State Post Bureau delegation visited Romania and Italy. Investment suggestion: recommend Air China (601111.SH), China Southern Airlines (600029.SH), Spring Airlines (601021.SH), auspicious Airlines (603885.SH), Baiyun Airport (600004.SH). It is recommended to pay attention to COSCO Haineng (600026.SH), China Merchants Steamship (601872.SH), China Merchants Southern Oil (601975.SH) and so on. Risk hints: the risk of the resumption and opening of international routes is less than expected, the risk of a sharp rise in crude oil prices, the risk of RMB exchange rate fluctuations; the risk of escalating geo-conflicts, the risk of a sharp macroeconomic downturn leading to lower-than-expected global demand, and the risk of shipowners' large-scale shipbuilding leading to an increase in transport capacity. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.

[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.