Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - Through macro - fundamental analysis and technical analysis, the report forecasts the trends of various futures on October 30, 2025, including whether they will be in a strong, weak, or sideways - moving state, and gives corresponding resistance and support levels [2][3]. - The report also provides the trading performance of various futures on October 29, 2025, and the expected trends for the entire month of October 2025 [13][37][43]. Summary by Relevant Catalogs Futures Market Outlook - Stock Index Futures: On October 30, 2025, it is expected to move sideways. IF2512 has resistance at 4750 and 4780 points, and support at 4719 and 4700 points; IH2512 has resistance at 3080 and 3090 points, and support at 3058 and 3045 points; IC2512 has resistance at 7470 and 7500 points, and support at 7350 and 7300 points; IM2512 has resistance at 7519 and 7550 points, and support at 7416 and 7365 points [2]. - Treasury Bond Futures: On October 30, 2025, the ten - year Treasury bond futures contract T2512 is likely to move strongly, with resistance at 108.70 and 108.85 yuan, and support at 108.43 and 108.31 yuan; the thirty - year Treasury bond futures contract TL2512 is likely to move in a wide - range, with resistance at 116.5 and 116.8 yuan, and support at 115.6 and 115.4 yuan [3]. - Precious Metal Futures: On October 30, 2025, the gold futures contract AU2512 is likely to move weakly, with support at 910.0 and 900.4 yuan/gram, and resistance at 923.6 and 928.6 yuan/gram; the silver futures contract AG2512 is likely to move weakly, with support at 11210 and 11100 yuan/kg, and resistance at 11483 and 11575 yuan/kg [3]. - Base Metal Futures: On October 30, 2025, the copper futures contract CU2512 is likely to move strongly, will attack the resistance at 89500 and 90000 yuan/ton, and support at 88300 and 87800 yuan/ton, and may hit a new high since listing; the aluminum futures contract AL2512 is likely to move strongly, with resistance at 21370 and 21480 yuan/ton, and support at 21220 and 21200 yuan/ton; the alumina futures contract AO2601 is likely to move weakly, will test the support at 2836 and 2814 yuan/ton, and resistance at 2886 and 2898 yuan/ton [3]. - Other Commodity Futures: On October 30, 2025, the lithium carbonate futures contract LC2601 is likely to move sideways, with resistance at 83800 and 85700 yuan/ton, and support at 82200 and 81700 yuan/ton; the rebar futures contract RB2601 is likely to move sideways, with resistance at 3150 and 3167 yuan/ton, and support at 3111 and 3090 yuan/ton; the hot - rolled coil futures contract HC2601 is likely to move sideways, with resistance at 3355 and 3375 yuan/ton, and support at 3333 and 3306 yuan/ton; the iron ore futures contract I2601 is likely to move in a wide - range, with resistance at 809 and 815 yuan/ton, and support at 803 and 800 yuan/ton; the coking coal futures contract JM2601 is likely to move in a wide - range, with resistance at 1313 and 1328 yuan/ton, and support at 1277 and 1263 yuan/ton; the glass futures contract FG601 is likely to move weakly, will test the support at 1091 and 1072 yuan/ton, and resistance at 1127 and 1137 yuan/ton; the soda ash futures contract SA601 is likely to move weakly, will test the support at 1239 and 1224 yuan/ton, and resistance at 1260 and 1273 yuan/ton; the crude oil futures contract SC2512 is likely to move strongly, will attack the resistance at 467 and 471 yuan/barrel, and support at 458 and 455 yuan/barrel; the PTA futures contract TA601 is likely to move sideways, with resistance at 4678 and 4700 yuan/ton, and support at 4614 and 4590 yuan/ton; the PVC futures contract V2601 is likely to move strongly, with resistance at 4819 and 4861 yuan/ton, and support at 4757 and 4746 yuan/ton; the soybean meal futures contract M2601 is likely to move strongly, will attack the resistance at 2997 and 3020 yuan/ton, and support at 2965 and 2957 yuan/ton; the natural rubber futures contract RU2601 is likely to move weakly, with support at 15340 and 15210 yuan/ton, and resistance at 15630 and 15760 yuan/ton [3][4][5][7]. Macro - news and Trading Tips - Diplomatic news includes a meeting between Chinese President Xi Jinping and US President Trump in Busan, South Korea on October 30, 2025, and China's response to soybean purchases from the US [8]. - Domestic economic policies involve further deepening of capital market reform, opening up of the financial sector, 9 policies for cross - border trade facilitation, and the "Urban Business Quality Improvement Action Plan" [8]. - Domestic economic data shows that in the first 9 months of this year, state - owned enterprises' total operating income was 61.33 trillion yuan, a year - on - year increase of 0.9%; total profit was 3.17 trillion yuan, a year - on - year decrease of 1.6%; as of the end of September, the asset - liability ratio of state - owned enterprises was 65.2%, a year - on - year increase of 0.2 percentage points; as of the end of September, the number of participants in basic old - age, unemployment, and work - related injury insurance nationwide was 1074 million, 248 million, and 304 million respectively, and the cumulative balance of the three social insurance funds was 9.85 trillion yuan [8][9]. - International economic news includes the Fed's 25 - basis - point interest rate cut, the end of balance - sheet reduction from December 1, the Bank of Canada's 25 - basis - point interest rate cut, and France's increase in the digital tax rate on tech companies [9][10]. Commodity Futures - related Information - On October 29, 2025, international precious metal futures generally closed down, COMEX gold futures fell 1.04% to 3941.7 US dollars/ounce, COMEX silver futures fell 0.1% to 47.275 US dollars/ounce; US crude oil futures rose, with the main contract up 0.35% to 60.36 US dollars/barrel, Brent crude oil futures rose 0.64% to 64.24 US dollars/barrel; London base metals showed mixed results [11][12]. - Over the past four years, gold has become the main savings method for Russian people, and it is expected that Russia's retail gold purchases will reach 62.2 tons this year; since the Russia - Ukraine conflict, Russian people have accumulated 282 tons of gold purchases [13]. - On October 29, 2025, the on - shore RMB against the US dollar closed at 7.0991 at 16:30, up 15 basis points from the previous trading day, hitting a new high in nearly a year; the offshore RMB against the US dollar fell 9 basis points to 7.0968; the US dollar index rose 0.43% to 99.16, and most non - US currencies fell [13]. Futures Market Analysis and Outlook - Stock Index Futures: On October 29, 2025, the CSI 300 stock index futures contract IF2512 opened slightly higher, first declined then rose, and closed at 4732.6 points, up 1.23%; the SSE 50 stock index futures contract IH2512 opened slightly higher, first declined then rose slightly, and closed at 3064.8 points, up 0.39%; the CSI 500 stock index futures contract IC2512 opened slightly higher, moved strongly upwards, and closed at 7390.0 points, up 2.12%; the CSI 1000 stock index futures contract IM2512 opened slightly higher, first declined then rose, and closed at 7446.4 points, up 1.42%. The A - share market performed well on this day, with the Shanghai Composite Index breaking through 4000 points [13][14][15]. - Treasury Bond Futures: On October 29, 2025, the ten - year Treasury bond futures contract T2512 opened slightly lower, rose then fell back, and closed at 108.570 yuan, up 0.13%; the thirty - year Treasury bond futures contract TL2512 opened slightly lower, rebounded then fell back, and closed at 115.83 yuan, down 0.27% [37][41]. - Precious Metal Futures: On October 29, 2025, the gold futures contract AU2512 opened slightly lower, moved upwards in a volatile manner, and closed at 910.88 yuan/gram, down 0.55%; the silver futures contract AG2512 opened slightly lower, moved strongly upwards, and closed at 11338 yuan/kg, up 1.91% [43][50]. - Base Metal Futures: On October 29, 2025, the copper futures contract CU2512 opened slightly higher, rose then fell back, moved strongly upwards, and closed at 88710 yuan/ton, up 1.16%; the aluminum futures contract AL2512 opened slightly higher, first declined then rose, rose then fell back, and closed at 21295 yuan/ton, up 0.35%; the alumina futures contract AO2601 opened slightly higher, first declined then rose, rose then fell back, and closed at 2879 yuan/ton, up 1.41% [54][59][64]. - Other Commodity Futures: On October 29, 2025, the lithium carbonate futures contract LC2601 opened slightly higher, first declined then rose, rose then fell back, and closed at 82900 yuan/ton, up 0.80%; the rebar futures contract RB2601 opened slightly higher, rose then fell back, and closed at 3133 yuan/ton, up 1.00%; the hot - rolled coil futures contract HC2601 opened flat, first declined then rose, rose then fell back, and closed at 3345 yuan/ton, up 1.21%; the iron ore futures contract I2601 opened slightly higher, first declined then rose, rose then fell back, and closed at 804.5 yuan/ton, up 1.96%; the coking coal futures contract JM2601 opened flat, rose then fell back, moved sharply upwards, and closed at 1302.0 yuan/ton, up 3.50%; the glass futures contract FG601 opened flat, first declined then rose, rose then fell back, and closed at 1127 yuan/ton, up 1.62%; the soda ash futures contract SA601 opened slightly lower, first declined then rose, and closed at 1259 yuan/ton, up 1.12%; the crude oil futures contract SC2512 opened slightly lower, first declined then rose, rebounded then fell back, and closed at 462.6 yuan/barrel, down 0.81%; the PTA futures contract TA601 opened slightly lower, first declined then rose, and closed at 4636 yuan/ton, up 0.48%; the PVC futures contract V2601 opened slightly lower, rose then fell back, and closed at 4775 yuan/ton, up 1.02%; the soybean meal futures contract M2601 opened flat, rebounded then fell back, and closed at 2969 yuan/ton, up 0.10%; the natural rubber futures contract RU2601 opened slightly lower, first declined then rose, rose then fell back, and closed at 15625 yuan/ton, up 1.56% [68][72][77][79][85][91][95][99][104][105][108][110].
股指期货将震荡整理，铜期货再创上市以来新高，黄金、白银期货将偏弱震荡，原油、豆粕期货将偏强震荡
Guo Tai Jun An Qi Huo·2025-10-30 03:09