Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-11-24 10:32Report Summary 1. Report Industry Investment Rating - Not provided in the given content. 2. Core View of the Report - In October, multiple domestic economic indicators softened, indicating significant downward pressure on the economy and suppressing the stock market. The LPR has remained unchanged for six consecutive months, reflecting a prudent monetary policy with a low possibility of significant reserve - requirement ratio cuts or interest rate cuts this year. Currently, the market is in a vacuum period of macro - data, performance, and policies. Without clear trading guidance, the market is expected to move randomly, and stock indices will maintain a volatile trend [2]. 3. Summary by Relevant Catalogs 3.1 Futures Contract Data - IF Contracts: The latest price of the IF (CSI 300) main contract (2512) is 4435.2, down 5.6 from the previous period; the next - main contract (2603) is 4406.0, down 3.8. The net position of the top 20 in IF is - 24,375.00, down 65.0. The basis of the IF main contract is - 12.9, up 12.4 [2]. - IH Contracts: The latest price of the IH (SSE 50) main contract (2512) is 2944.4, down 5.8; the next - main contract (2603) is 2941.4, down 4.0. The net position of the top 20 in IH is - 10,799.00, down 60.0. The basis of the IH main contract is - 6.2, up 3.3 [2]. - IC Contracts: The latest price of the IC (CSI 500) main contract (2512) is 6827.6, up 37.4; the next - main contract (2603) is 6666.8, up 46.6. The net position of the top 20 in IC is - 23,171.00, down 630.0. The basis of the IC main contract is - 41.4, up 6.0 [2]. - IM Contracts: The latest price of the IM (CSI 1000) main contract (2512) is 7095.2, up 59.0; the next - main contract (2603) is 6886.0, up 67.0. The net position of the top 20 in IM is - 35,140.00, down 1776.0. The basis of the IM main contract is - 61.2, down 11.7 [2]. - Contract Spreads: Various spreads such as IF - IH, IC - IF, IM - IC, etc. for the current - month contracts have shown different degrees of increase. For example, the IF - IH current - month contract spread is 1490.8, up 8.8 [2]. 3.2 Market Sentiment Data - Trading Volume and Balance: A - share trading volume is 17,403.50 billion yuan, down 2432.49 billion yuan; margin trading balance is 24,614.50 billion yuan, down 302.53 billion yuan. North - bound trading volume is 2334.02 billion yuan, up 413.48 billion yuan [2]. - Other Indicators: The proportion of rising stocks is 77.61%, up 71.17 percentage points. Shibor is 1.316%, down 0.004 percentage points. IO at - the - money call option closing price is 75.60, down 11.80; the implied volatility is 16.23%, down 2.33 percentage points [2]. 3.3 Market Strength and Weakness Analysis - The strength of all A - shares is 7.30, up 5.40; the technical aspect is 7.80, up 7.20; the capital aspect is 6.80, up 3.60 [2]. 3.4 Industry News - A - share major indices generally rose at the close. The three major indices opened higher and then declined in the morning, and rebounded after hitting the bottom in the afternoon. Small and medium - cap stocks were stronger than large - cap blue - chip stocks. The Shanghai Composite Index rose 0.05%, the Shenzhen Component Index rose 0.37%, and the ChiNext Index rose 0.31%. The trading volume of the two markets decreased significantly. Over 4200 stocks in the whole market rose. Most industry sectors rose, with national defense and military industry and media sectors strengthening significantly, while petroleum and petrochemical, and coal sectors leading the decline [2]. 3.5 Key Data to Focus On - November 25, 21:30: US September PPI, core PPI, retail sales. - November 26, 21:30: US November 22 weekly initial jobless claims. - November 26, 23:00: US October PCE, core PCE. - November 27, 9:30: China's October industrial enterprise profits above designated size. - November 30, 9:30: China's November manufacturing, non - manufacturing, and composite PMI [3].