瑞达期货股指期货全景日报-20250707

Report Industry Investment Rating No information provided. Report's Core View - The PMI in June shows that the domestic economic prosperity generally maintains an expansion trend, suggesting an increase in stock market holdings based on fundamentals. The State Council's emphasis on strengthening the main position of enterprise technological innovation is expected to bring more benefits to growth - style technology stocks. However, the potential restart of the US - China trade war poses a negative impact on the market. It is recommended to adopt a wait - and - see strategy for now [2] Summary According to Relevant Catalogs Futures Disk - IF main contract (2509) is at 3918.0, down 12.0; IF sub - main contract (2507) is at 3945.0, down 12.4. IH main contract (2509) is at 2708.0, down 3.2; IH sub - main contract (2507) is at 2713.6, down 3.8. IC main contract (2509) is at 5747.6, down 12.4; IC sub - main contract (2507) is at 5859.2, down 10.8. IM main contract (2509) is at 6111.6, up 4.4; IM sub - main contract (2507) is at 6267.2, up 8.0 [2] - IF - IH current - month contract spread is 1231.4, down 9.4; IC - IF current - month contract spread is 1914.2, up 3.8. IM - IC current - month contract spread is 408.0, up 20.2; IC - IH current - month contract spread is 3145.6, down 5.6. IM - IF current - month contract spread is 2322.2, up 24.0; IM - IH current - month contract spread is 3553.6, up 14.6 [2] - IF current - quarter minus current - month is - 27.0, up 0.8; IF next - quarter minus current - month is - 62, up 2.8. IH current - quarter minus current - month is - 5.6, up 0.2; IH next - quarter minus current - month is - 5.8, up 2.2. IC current - quarter minus current - month is - 111.6, down 2.8; IC next - quarter minus current - month is - 235.4, down 3.4. IM current - quarter minus current - month is - 155.6, down 5.8; IM next - quarter minus current - month is - 340.6, down 10.8 [2] Futures Position - IF top 20 net position is - 30,779.00, up 4.0; IH top 20 net position is - 12,713.00, down 181.0. IC top 20 net position is 8,978.00, down 99.0; IM top 20 net position is - 34,962.00, down 2800.0 [2] Spot Price - CSI 300 is at 3965.17, down 17.0; IF main contract basis is - 47.2, down 1.0. SSE 50 is at 2731.53, down 8.9; IH main contract basis is - 23.5, down 0.3. CSI 500 is at 5900.41, down 11.0; IC main contract basis is - 152.8, down 6.8. CSI 1000 main contract basis is - 2274.53 [2] Market Sentiment - A - share trading volume is 6327.14 billion yuan, up 14.9%. Margin trading balance is 18,529.27 billion yuan, down 15.5%. Northbound trading volume is 1591.20 billion yuan, up 127.31 billion yuan. Reverse repurchase (maturity, operation amount) is - 3315.0 billion yuan, up 1065.0 billion yuan. Main funds (yesterday, today) are - 321.43 billion yuan and - 178.63 billion yuan respectively [2] - The proportion of rising stocks is 60.08%, up 38.50%. Shibor is 1.312%, down 0.001%. IO at - the - money call option closing price (2507) is 31.80, down 10.40; IO at - the - money call option implied volatility is 11.05%, up 0.37%. IO at - the - money put option closing price (2507) is 35.20, up 8.00; IO at - the - money put option implied volatility is 11.05%, up 0.32% [2] - CSI 300 index 20 - day volatility is 9.33%, up 0.19%. Volume PCR is 60.51%, up 12.79%. Position PCR is 70.09%, down 2.52% [2] Wind Market Strength - Weakness Analysis - All A - shares score 5.40, up 2.00; technical aspect scores 6.00, up 3.90; capital aspect scores 4.80, up 0.10 [2] Industry News - China's official manufacturing PMI in June is 49.7, up 0.2 percentage points from the previous month; non - manufacturing business activity index is 50.5%, up 0.2 percentage points; comprehensive PMI output index is 50.7%, up 0.3 percentage points [2] - US President Trump said on July 4th that the US government will start sending letters to trading partners to set new unilateral tariff rates, which are likely to take effect on August 1st, and the new tariff rates may range from 10% - 20% to 60% - 70% [2] - As of July 6th, 54 A - share listed companies have disclosed their semi - annual performance forecasts for 2025, including 11 with slight increases, 3 turning losses into profits, 4 with continued profits, and 21 with pre - increases [2] Market Performance - A - share major indices generally declined. The Shanghai Composite Index rose 0.02%, the Shenzhen Component Index fell 0.7%, and the ChiNext Index fell 1.21%. Trading volume in the Shanghai and Shenzhen stock markets decreased significantly. About 3200 stocks rose. Industry sectors showed mixed performance, with the comprehensive and public utilities sectors strengthening and the coal sector leading the decline [2]