华泰期货流动性日报-20251209

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - On December 8, 2025, the trading volume and positions of various sectors in the market showed different changes. The trading volume of the stock index sector decreased, while that of the national debt, basic metals, precious metals, energy - chemical, agricultural products, and black building materials sectors increased. The positions of the stock index, national debt, basic metals, energy - chemical, agricultural products, and black building materials sectors decreased to varying degrees, and only the positions of the precious metals sector increased slightly [1][2] 3. Summary According to the Directory 3.1 Plate Liquidity - The report presents the trading volume, position amount, and trading - to - position ratio of various sectors, including the stock index, national debt, basic metals, precious metals, energy - chemical, agricultural products, and black building materials sectors, and their changes compared with the previous trading day [1][2] 3.2 Stock Index Plate - On December 8, 2025, the trading volume of the stock index plate was 610.69 billion yuan, a decrease of 15.13% from the previous trading day; the position amount was 1328.635 billion yuan, a decrease of 3.10% from the previous trading day; the trading - to - position ratio was 45.98% [1] 3.3 National Debt Plate - On December 8, 2025, the trading volume of the national debt plate was 481.639 billion yuan, an increase of 4.83% from the previous trading day; the position amount was 731.193 billion yuan, a decrease of 0.25% from the previous trading day; the trading - to - position ratio was 66.15% [1] 3.4 Basic Metals and Precious Metals (Metal Plate) - Basic Metals: On December 8, 2025, the trading volume was 591.185 billion yuan, an increase of 3.79% from the previous trading day; the position amount was 694.225 billion yuan, an increase of 0.27% from the previous trading day; the trading - to - position ratio was 84.98% [1] - Precious Metals: On December 8, 2025, the trading volume was 996.06 billion yuan, an increase of 25.28% from the previous trading day; the position amount was 487.032 billion yuan, an increase of 0.70% from the previous trading day; the trading - to - position ratio was 308.88% [1] 3.5 Energy - Chemical Plate - On December 8, 2025, the trading volume of the energy - chemical plate was 413.598 billion yuan, an increase of 10.17% from the previous trading day; the position amount was 459.947 billion yuan, a decrease of 0.78% from the previous trading day; the trading - to - position ratio was 80.29% [1] 3.6 Agricultural Products Plate - On December 8, 2025, the trading volume of the agricultural products plate was 343.058 billion yuan, an increase of 23.62% from the previous trading day; the position amount was 604.749 billion yuan, a decrease of 0.65% from the previous trading day; the trading - to - position ratio was 58.19% [1] 3.7 Black Building Materials Plate - On December 8, 2025, the trading volume of the black building materials plate was 281.646 billion yuan, an increase of 35.34% from the previous trading day; the position amount was 346.182 billion yuan, a decrease of 2.91% from the previous trading day; the trading - to - position ratio was 78.40% [2]