股指期货将偏强震荡，多晶硅、碳酸锂、焦煤、玻璃期货将震荡偏强，工业硅、纯碱期货将偏强宽幅震荡

Report Industry Investment Rating No relevant information provided. Core View of the Report Based on macro - fundamental and technical analysis, the report predicts the trend of various futures on July 25, 2025, including whether they will be strong or weak, and gives corresponding resistance and support levels [2]. Summary According to Relevant Catalogs 1. Futures Market Outlook - Strong - biased and Volatile: IF2509, IH2509, IC2509, IM2509, AO2509, RB2510, HC2510, PS2509, LC2509, JM2509, FG509, TA509, V2509, MA509, RU2509 [2][3][4][6][7] - Weak - biased and Volatile: T2509, TL2509, AU2510, AG2510, CU2509, I2509, SC2509, P2509 [2][3][4][6][7] - Strong - biased and Widely Volatile: SI2509, SA509 [3][6] 2. Macro News and Trading Tips - Sino - EU Relations: President Xi Jinping put forward three proposals for the future development of China - EU relations. Premier Li Qiang hopes the EU can provide a fair business environment for Chinese enterprises [8]. - AI Conference: Premier Li Qiang will attend the opening ceremony of the 2025 World Artificial Intelligence Conference and deliver a speech [8]. - Mineral Export: The Ministry of Commerce will take measures to combat strategic mineral smuggling [8]. - Rural Finance: The central bank and the Ministry of Agriculture and Rural Affairs will increase financial support for rural revitalization [8]. - Investment: 735 billion yuan of central budget - internal investment in 2025 has been basically allocated [9]. - Price Law: The National Development and Reform Commission and the State Administration for Market Regulation are soliciting opinions on the draft amendment of the Price Law [9]. - State - owned Assets: The State - owned Assets Supervision and Administration Commission emphasizes optimizing the allocation of state - owned assets [9]. - MLF Operation: The central bank will conduct a 400 - billion - yuan MLF operation on July 25, with a net injection of 100 billion yuan [9]. - Medical Insurance: During the 14th Five - Year Plan period, the national basic medical insurance participation rate remained stable at about 95% [10]. - US Politics and Economy: Trump hopes the Fed to cut interest rates. An investment company sues the Fed for non - transparent meetings. The EU may impose counter - tariffs on US products. US PMI data shows a mixed trend [10][11][12] 3. Commodity Futures Information - Risk Warning: Zhengzhou Commodity Exchange warns about uncertainties in the glass and soda ash markets [12]. - Gold Market: In the first half of the year, China's gold production increased by 0.44% year - on - year, while consumption decreased by 3.54%. Gold ETFs increased their positions [12]. - International Futures: On July 24, international precious metals futures generally fell, international oil prices rose slightly, and London base metals closed down [13] 4. Futures Market Analysis and Outlook - Stock Index Futures: On July 24, major stock index futures contracts showed an upward trend. It is expected that on July 25, they will be strong - biased and volatile [14][15][16][20] - Treasury Bond Futures: On July 24, treasury bond futures closed down. It is expected that on July 25, T2509 and TL2509 will be weak - biased and volatile [36][38] - Precious Metal Futures: On July 24, gold and silver futures closed down. It is expected that on July 25, they will be weak - biased and volatile [41][50] - Base Metal Futures: On July 24, copper and alumina futures had different trends. It is expected that on July 25, copper will be weak - biased and alumina will be strong - biased [52][58] - Industrial Metal Futures: On July 24, industrial silicon, polycrystalline silicon, and lithium carbonate futures showed an upward trend. It is expected that on July 25, they will be strong - biased [61][64][67] - Building Material Futures: On July 24, rebar, hot - rolled coil, and iron ore futures had different trends. It is expected that on July 25, rebar and hot - rolled coil will be strong - biased, and iron ore will be weak - biased [69][75][77] - Energy Futures: On July 24, coking coal, glass, soda ash, and crude oil futures had different trends. It is expected that on July 25, coking coal and glass will be strong - biased, soda ash will be strong - biased and widely volatile, and crude oil will be weak - biased [84][87][89][90] - Chemical Futures: On July 24, PTA, PVC, and methanol futures showed an upward trend. It is expected that on July 25, they will be strong - biased [95][97][100] - Agricultural Futures: On July 24, palm oil and natural rubber futures showed an upward trend. It is expected that on July 25, palm oil will be weak - biased and natural rubber will be strong - biased [101][103]