股指期货策略早餐-20250611

1. Report Industry Investment Ratings No information provided on industry investment ratings. 2. Core Views of the Report Financial Futures and Options - Stock Index Futures: Intraday view is slightly weak with mid - term view of range - bound movement. The CSI 300 index is expected to operate within [3820, 3960]. Suggest to exit long positions in IF2506 and hold short positions in MO2506 - P - 5800 out - of - the - money put options [1]. - Treasury Bond Futures: Intraday view is narrow - range fluctuation for TS2509 within [102.30, 102.50], with mid - term view being bullish [2]. Commodity Futures and Options - Black and Building Materials Sector: Steel prices are expected to be weak in the short - term and under pressure overall in the mid - term. Suggest to continue selling call options on rebar RB2510 with strike prices between 3300 - 3450 [5]. 3. Summary by Related Catalogs Financial Futures and Options Stock Index Futures - Core Logic: Sino - US dialogue progresses, which injects stability into bilateral relations but also realizes bullish expectations. Domestic policies to stabilize and activate the capital market are introduced, which is beneficial for the A - share market. Market style switches frequently, lacking a continuous upward mainline. In the short - term, the market may remain volatile, and attention should be paid to structural allocation opportunities [1]. Treasury Bond Futures - Core Logic: The Sino - US leaders' call eases market concerns, and the ongoing Sino - US economic and trade consultations reduce bond market pressure. The central bank conducts large - scale net withdrawals, but the inter - bank market remains loose. The May price level is still poor, strengthening the expectation of monetary easing [4]. Commodity Futures and Options Black and Building Materials Sector - Core Logic: The overall inventory pressure of steel raw materials is large, and the prices of furnace materials and steel production costs are expected to be under pressure in the mid - term. The downstream consumption of steel is still poor, with plate exports not fully recovered and construction demand weakening. Under the current supply - demand pressure, there is insufficient upward drive for steel prices [5][6][8].