股指期货将偏强震荡，碳酸锂期货将震荡偏强，铜、工业硅、多晶硅、铁矿石、原油、烧碱、天然橡胶期货将偏强震荡

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - Through macro - fundamental and technical analysis, the report predicts the trend of various futures contracts on August 11, 2025, including股指期货, 国债期货, 黄金期货, and other commodity futures [2][3]. - It also presents the expected trend of these futures contracts in August 2025, along with their resistance and support levels [26][52]. - The report includes macro - news and trading tips, such as international phone calls between leaders, economic data releases, and policy announcements [8]. 3. Summary by Related Catalogs 3.1 Futures Market Overview - In the first half of 2025, the whole futures market added 410,000 new customers, a 2.5% year - on - year increase. By the end of June, the total number of effective customers reached 2.61 million, a 12% year - on - year increase. The number of institutional customers increased by 43% compared to the same period in 2022, and the number of overseas customers increased by 63%, with traders from 39 countries or regions participating [14]. 3.2 Macroeconomic News - China - Russia and international relations: President Xi Jinping had a phone call with Russian President Putin, expressing support for the improvement of Russia - US relations and the political settlement of the Ukraine crisis. Regarding the possible secondary tariffs on China by the US, the Chinese Foreign Ministry stated that China's normal economic and trade cooperation with Russia is legitimate [8]. - Domestic economic policies: The Supreme People's Court issued guidelines to support the private economy, and the National Immigration Administration reported a significant increase in the number of foreign entries and exits in the first half of the year [8][11]. - Economic data: In July, CPI环比 increased by 0.4% from a 0.1% decline last month, and was flat year - on - year. Core CPI increased by 0.8% year - on - year. PPI环比 decreased by 0.2%, with the decline narrowing by 0.2 percentage points, and decreased by 3.6% year - on - year [9]. 3.3 Futures Market Performance on August 8 - Domestic commodity futures night session: Chemicals generally rose, non - metallic building materials were mixed, black series were mixed, agricultural products were mixed, and energy products generally fell [15]. - International futures market: International precious metals generally rose, international oil prices continued to fall due to OPEC's production increase plan, and London base metals were mixed [17][18]. 3.4 Futures Market Forecast - Stock Index Futures: On August 11, 2025, it is expected to be strongly oscillating. In August 2025, the IF, IH, IC, and IM contracts are also expected to be strongly oscillating or oscillating strongly [26]. - Treasury Bond Futures: On August 11, the ten - year T2509 is expected to be strongly oscillating, and the thirty - year TL2509 is expected to be oscillating and consolidating [47][51]. - Precious Metal Futures: On August 11, gold AU2510 and silver AG2510 are expected to be oscillating and consolidating. In August 2025, gold and silver continuous contracts are expected to be strongly and widely oscillating [52][58]. - Base Metal Futures: On August 11, copper CU2509 and zinc ZN2509 are expected to be strongly oscillating, while aluminum AL2509 and alumina AO2509 are expected to be weakly oscillating [63][69]. - Industrial and Energy Futures: On August 11, industrial silicon SI2511, polysilicon PS2511, lithium carbonate LC2511, iron ore I2601, crude oil SC2509, PTA TA509, caustic soda SH509, and natural rubber RU2601 are expected to be strongly oscillating. Coke JM2601, hot - rolled coil HC2510, and rebar RB2510 are expected to be weakly oscillating, and glass FG509, soda ash SA601, and PVC V2509 are expected to be widely oscillating [80][98].