Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-11-06 09:07Report Investment Rating - Not provided in the content Core View - A-shares' major indices closed higher, with the Shanghai Composite Index up 0.97%, the Shenzhen Component Index up 1.73%, and the ChiNext Index up 1.84%. The trading volume in the Shanghai and Shenzhen stock markets rebounded to two trillion. Most industry sectors rose, with non-ferrous metals and electronics sectors strengthening significantly, while media, social services, and commercial retail sectors leading the decline. The Q3 reports of listed companies showed good overall performance, providing bottom support for the market. However, the decline in China's manufacturing PMI in October and the lack of new positive news after the China-US summit and economic and trade negotiations may suppress the market. The market is in a policy and performance vacuum period, and the stock index is expected to fluctuate. It is recommended to wait and see [2]. Summary by Relevant Catalogs Futures Contract Prices - IF main contract (2512) was at 4670.8, up 64.2; IF second main contract (2511) was at 4683.8, up 64.0. IH main contract (2512) was at 3041.4, up 31.4; IH second main contract (2511) was at 3043.0, up 32.0. IC main contract (2512) was at 7246.4, up 120.4; IC second main contract (2511) was at 7304.6, up 118.8. IM main contract (2512) was at 7405.0, up 75.2; IM second main contract (2511) was at 7487.8, up 79.6 [2]. Futures Price Spreads - IF - IH current month contract spread was 1640.8, up 34.6; IC - IF current month contract spread was 2620.8, up 61.4. IM - IC current month contract spread was 183.2, down 38.4; IC - IH current month contract spread was 4261.6, up 96.0. IM - IF current month contract spread was 2804.0, up 23.0; IM - IH current month contract spread was 4444.8, up 57.6 [2]. Futures Seasonal - Current Month Spreads - IF current season - current month was -45.8, down 3.6; IF next season - current month was -85, down 3.4. IH current season - current month was -5.0, down 4.2; IH next season - current month was -10.2, down 5.0. IC current season - current month was -226.6, up 3.6; IC next season - current month was -411.6, up 4.8. IM current season - current month was -301.0, down 3.0; IM next season - current month was -513.2, down 7.8 [2]. Futures Net Positions of Top 20 - IF top 20 net positions were -28,077.00, up 1771.0; IH top 20 net positions were -15,051.00, down 710.0. IC top 20 net positions were -23,040.00, up 2822.0; IM top 20 net positions were -36,449.00, down 154.0 [2]. Spot Prices - The CSI 300 was at 4693.40, up 66.2; IF main contract basis was -22.6, up 8.1. The SSE 50 was at 3044.7, up 36.8; IH main contract basis was -3.3, up 2.0. The CSI 500 was at 7345.7, up 116.4; IC main contract basis was -99.3, up 22.0. The CSI 1000 was at 7551.8, up 87.0; IM main contract basis was -146.8, up 7.2 [2]. Market Sentiment - A - share trading volume (daily, billion yuan) was 20,759.04, up 1815.64; margin trading balance (previous trading day, billion yuan) was 24,914.78, down 1.44. North - bound trading volume (previous trading day, billion yuan) was 2286.82, down 122.28; reverse repurchase (maturity volume, operation volume, billion yuan) was -3426.0, up 928.0. Main funds (yesterday, today, billion yuan) were -126.28, up 11.65. The proportion of rising stocks (daily, %) was 52.88, down 9.19; Shibor (daily, %) was 1.313, down 0.002 [2]. Option Data - IO at - the - money call option closing price (2511) was 47.20, up 20.80; IO at - the - money call option implied volatility (%) was 13.85, down 0.76. IO at - the - money put option closing price (2511) was 63.80, down 53.40; IO at - the - money put option implied volatility (%) was 13.85, down 1.74. The 20 - day volatility of the CSI 300 index (%) was 18.17, down 0.05; trading volume PCR (%) was 58.70, down 18.02; open interest PCR (%) was 86.31, up 7.18 [2]. Wind Market Strength - Weakness Analysis - All A - shares were at 6.30, unchanged; technical aspect was at 5.30, down 0.90. Capital aspect was at 7.30, up 0.90 [2]. Industry News - As of November 5, 1035 companies announced interim dividends (including quarterly, semi - annual dividends, and special dividends) this year, with a total dividend amount of 7356.86 billion yuan, exceeding last year's interim dividend amount. Among them, 316 companies had their first interim dividends. China announced specific measures to implement the consensus of the China - US economic and trade consultations in Kuala Lumpur, including stopping the implementation of additional tariffs on some imported goods from the US announced on March 4, continuing to suspend the 24% reciprocal tariff for one year while retaining the 10% additional tariff rate, and taking other measures on US entities and enterprises. The US ADP employment in October increased by 42,000, far exceeding the expected 30,000, and the previous month's data was revised to a decrease of 29,000 [2]. Key Data to Focus On - China's October trade data will be released on November 7 at 9:30; China's October CPI and PPI will be released on November 9 at 9:30 [3].