股指期货将震荡整理：黄金、螺纹钢、铁矿石、玻璃、PVC期货将偏强震荡，白银、工业硅、焦煤、纯碱、PTA、豆粕期货将偏弱震荡，原油期货将震荡整理

Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. Core Viewpoints - Through macro - fundamental and technical analysis, the report predicts the July 2, 2025, futures market trends, including the likely performance of various futures contracts such as stock index futures, bond futures, and commodity futures [2]. - It also presents the expected trends for these futures in July 2025, offering resistance and support levels [18]. Summary by Related Catalogs Futures Market Outlook - Stock Index Futures: On July 2, 2025, it is expected to oscillate and consolidate. For example, IF2509 has resistance at 3904 and 3931 points and support at 3867 and 3852 points [2]. - Bond Futures: Ten - year and thirty - year bond futures are likely to have a relatively strong oscillation on July 2, 2025. For instance, the T2509 ten - year bond futures contract has resistance at 109.06 and 109.12 yuan and support at 108.92 and 108.88 yuan [3]. - Commodity Futures: - Precious Metals: Gold futures are expected to have a relatively strong oscillation, while silver futures are likely to have a relatively weak oscillation on July 2, 2025 [3]. - Base Metals: Copper and aluminum futures may have a relatively strong oscillation, while zinc and industrial silicon futures are likely to have a relatively weak oscillation [3][4]. - Energy and Chemicals: Crude oil futures are expected to oscillate and consolidate, while fuel oil, PTA, and other futures are likely to have a relatively weak oscillation [3][5]. - Agricultural Products: Bean meal futures are likely to have a relatively weak oscillation [7]. Macro Information and Trading Tips - Central Financial and Economic Commission held its sixth meeting to discuss issues such as the construction of a unified national market and high - quality development of the marine economy [8]. - The Caixin China Manufacturing PMI in June reached 50.4, up 2.1 percentage points from May, returning above the critical point [8]. - From January to May, the added value of large - scale light industry increased by 7% year - on - year, and the retail sales of furniture and household appliances increased significantly [8]. - From January to May, large - scale Internet companies' business revenue increased by 0.9% year - on - year, while their total profit decreased by 2.2% [8]. Futures Market Analysis and Outlook - Stock Index Futures: On July 1, 2025, the performance of various stock index futures contracts was mixed, with some showing weak rebounds and some showing slight declines. The expected trend in July 2025 is a relatively strong oscillation [14][15][18]. - Bond Futures: On July 1, 2025, most bond futures closed higher. The central bank conducted 1310 billion yuan of 7 - day reverse repurchase operations, resulting in a net withdrawal of 2755 billion yuan. The short - term Shibor rates declined [34]. - Commodity Futures: - Precious Metals: Gold and silver futures showed rebounds on July 1, 2025. The expected trend in July 2025 is a wide - range oscillation for gold and a relatively strong wide - range oscillation for silver [44][50]. - Base Metals: Copper, aluminum, and other base metal futures had different performances on July 1, 2025. The expected trend in July 2025 is a relatively strong wide - range oscillation for most of them [52][57]. - Energy and Chemicals: Crude oil futures showed a slight rebound on July 1, 2025. The expected trend in July 2025 is a relatively strong wide - range oscillation [89]. - Agricultural Products: Bean meal futures had a weak rebound on July 1, 2025, and are expected to have a relatively weak oscillation on July 2, 2025 [103].