Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-30 09:52Report Summary 1. Report Industry Investment Rating No information is provided regarding the report industry investment rating. 2. Core View of the Report The manufacturing PMI has rebounded, leading to market expectations of economic improvement. However, further policy support is needed for consolidation. Before policy implementation, the market is expected to remain volatile. It is recommended to wait and see for the time being [2]. 3. Summary by Relevant Catalogs Futures Disk - Contract Prices: The prices of IF, IH, IC, and IM main and secondary contracts have increased, with IM main contract (2512) rising by 89.4 to 7406.2, and IM secondary contract (2510) rising by 87.0 to 7556.6 [2]. - Contract Spreads: Most of the contract spreads have changed, such as the IM - IF current - month contract spread increasing by 61.6 to 2922.2 [2]. - Quarter - to - Month Spreads: The quarter - to - month spreads of IF, IC have increased, while those of IH and IM show a mixed trend [2]. Futures Positions - The net positions of the top 20 in IF, IH, IC, and IM have all decreased, with IF top 20 net positions dropping by 390.0 to - 31,470.00 [2]. Spot Prices - Index Prices: The prices of the Shanghai - Shenzhen 300, Shanghai Composite 50, CSI 500, and CSI 1000 have all increased, with the CSI 1000 rising by 77.1 to 7,575.0 [2]. - Contract Basis: The basis of IF, IH, IC, and IM main contracts has decreased, with the IM main contract basis dropping by 8.3 to - 168.8 [2]. Market Sentiment - Trading Volume and Balance: A - share trading volume, margin trading balance, and north - bound trading volume have all increased, with A - share trading volume reaching 21,972.49 billion yuan, up 191.07 billion yuan [2]. - Fund Flow: The main fund flow has changed from + 18.06 billion yuan yesterday to - 379.13 billion yuan today [2]. - Option Data: The closing prices and implied volatilities of IO at - the - money call and put options have decreased, while the volume PCR and position PCR have increased [2]. Market Strength and Weakness Analysis - The scores of all A - shares, technical aspects, and capital aspects in the Wind market strength - weakness analysis have decreased [2]. Industry News - Domestic Market: A - share major indices generally rose, with the Shanghai Composite Index up 0.52%, and the Shenzhen Component Index up 0.35%. The manufacturing PMI in September approached the 50% critical point, indicating continuous improvement in manufacturing prosperity [2]. - Overseas Market: The year - on - year and month - on - month increases in the US core PCE price index in August met expectations, consolidating market expectations of a Fed rate cut [2]. Key Data to Watch - From September 30 to October 3, important US economic data such as JOLTs job openings, ADP employment, ISM manufacturing PMI, non - farm payrolls, and unemployment rate will be released [3].