Report Industry Investment Rating No relevant content provided. Core View The report presents the trading and position data of various market sectors on August 25, 2025, including the trading volume, position amount, trading - position ratio, and their changes compared to the previous trading day, to reflect the market liquidity situation [1][2]. Summary by Directory 1. Plate Liquidity - Presents relevant data such as the trading - position ratio, trading volume change rate, position amount, and trading volume of each plate [4][5]. 2. Stock Index Plate - On August 25, 2025, the trading volume was 977.45 billion yuan, with a +19.45% change from the previous trading day; the position amount was 1414.789 billion yuan, with a +5.46% change; the trading - position ratio was 68.99% [1]. 3. Treasury Bond Plate - On August 25, 2025, the trading volume was 605.548 billion yuan, with a - 1.88% change from the previous trading day; the position amount was 786.438 billion yuan, with a +0.07% change; the trading - position ratio was 77.70% [1]. 4. Basic Metals and Precious Metals (Metal Plate) - **Basic Metals**: On August 25, 2025, the trading volume was 405.571 billion yuan, with a +13.14% change from the previous trading day; the position amount was 503.06 billion yuan, with a +2.51% change; the trading - position ratio was 94.93% [1]. - **Precious Metals**: On August 25, 2025, the trading volume was 383.375 billion yuan, with a +80.06% change from the previous trading day; the position amount was 432.956 billion yuan, with a +3.30% change; the trading - position ratio was 110.19% [1]. 5. Energy and Chemical Plate - On August 25, 2025, the trading volume was 527.569 billion yuan, with a +12.84% change from the previous trading day; the position amount was 430.6 billion yuan, with a +0.76% change; the trading - position ratio was 105.98% [1]. 6. Agricultural Products Plate - On August 25, 2025, the trading volume was 322.366 billion yuan, with a - 6.87% change from the previous trading day; the position amount was 576.56 billion yuan, with a +0.04% change; the trading - position ratio was 49.81% [1]. 7. Black Building Materials Plate - On August 25, 2025, the trading volume was 398.172 billion yuan, with a +53.25% change from the previous trading day; the position amount was 378.793 billion yuan, with a +2.51% change; the trading - position ratio was 97.76% [2].

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents the trading and position data of various market sectors on August 21, 2025, including trading volume, position value, trading - position ratio, and their changes compared to the previous trading day [1][2] Summaries by Directory I. Plate Liquidity - The report provides multiple figures related to plate liquidity, such as the trading - position ratio, trading volume change rate, position quantity, position value, trading volume, and trading value of each plate [4][5] II. Stock Index Plate - On August 21, 2025, the stock index plate had a trading volume of 784.104 billion yuan, a decrease of 1.85% from the previous trading day; the position value was 1274.452 billion yuan, a decrease of 2.28% from the previous trading day; the trading - position ratio was 60.48% [1] III. Treasury Bond Plate - On August 21, 2025, the treasury bond plate had a trading volume of 685.317 billion yuan, an increase of 0.61% from the previous trading day; the position value was 789.887 billion yuan, a decrease of 0.52% from the previous trading day; the trading - position ratio was 87.71% [1] IV. Base Metals and Precious Metals (Metal Plate) - On August 21, 2025, the base metals plate had a trading volume of 351.198 billion yuan, a decrease of 23.81% from the previous trading day; the position value was 494.482 billion yuan, an increase of 0.17% from the previous trading day; the trading - position ratio was 92.24%. The precious metals plate had a trading volume of 196.454 billion yuan, a decrease of 27.97% from the previous trading day; the position value was 415.513 billion yuan, a decrease of 1.20% from the previous trading day; the trading - position ratio was 57.93% [1] V. Energy and Chemical Plate - On August 21, 2025, the energy and chemical plate had a trading volume of 501.788 billion yuan, a decrease of 17.27% from the previous trading day; the position value was 423.462 billion yuan, an increase of 1.39% from the previous trading day; the trading - position ratio was 101.98% [1] VI. Agricultural Products Plate - On August 21, 2025, the agricultural products plate had a trading volume of 333.656 billion yuan, a decrease of 12.71% from the previous trading day; the position value was 581.797 billion yuan, a decrease of 1.20% from the previous trading day; the trading - position ratio was 55.30% [1] VII. Black Building Materials Plate - On August 21, 2025, the black building materials plate had a trading volume of 299.616 billion yuan, a decrease of 26.47% from the previous trading day; the position value was 377.028 billion yuan, a decrease of 0.57% from the previous trading day; the trading - position ratio was 73.80% [2]

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The report presents the liquidity situation of various market sectors on August 19, 2025, including trading volume, holding amount, trading - holding ratio, and their changes compared to the previous trading day [1] 3. Summary by Relevant Catalogs 3.1 Plate Liquidity - There are figures showing the trading - holding ratio, trading volume change rate, holding volume, holding amount, trading volume, and trading amount of each plate. The data sources are Flush and Huatai Futures Research Institute [4][5][8] 3.2 Stock Index Plate - On August 19, 2025, the trading volume of the stock index plate was 662.715 billion yuan, a - 21.47% change from the previous trading day; the holding amount was 1237.385 billion yuan, a - 4.20% change; the trading - holding ratio was 53.17%. There are also figures showing the price change, trading - holding ratio, precipitation funds change, precipitation funds trend, trading amount change, and the top 20 net holding ratio trend of each variety in the stock index plate [1][5] 3.3 Treasury Bond Plate - The trading volume of the treasury bond plate was 671.725 billion yuan, a - 0.97% change from the previous trading day; the holding amount was 807.064 billion yuan, a - 2.92% change; the trading - holding ratio was 85.38%. There are figures showing the price change, trading - holding ratio, precipitation funds change, precipitation funds trend, trading amount change, and the top 20 net holding ratio trend of each variety in the treasury bond plate [1][5] 3.4 Base Metals and Precious Metals (Metal Plate) - The trading volume of the base metals plate was 365.784 billion yuan, a - 9.88% change from the previous trading day; the holding amount was 507.028 billion yuan, a - 1.20% change; the trading - holding ratio was 86.88%. The trading volume of the precious metals plate was 183.965 billion yuan, a - 3.42% change; the holding amount was 424.613 billion yuan, a - 0.48% change; the trading - holding ratio was 49.26%. There are figures showing the price change, trading - holding ratio, precipitation funds change amount, precipitation funds trend, trading amount change rate, and the top 20 net holding ratio trend of each variety in the metal plate [1][5] 3.5 Energy and Chemical Plate - The trading volume of the energy and chemical plate was 458.095 billion yuan, a - 1.11% change from the previous trading day; the holding amount was 426.170 billion yuan, a - 0.25% change; the trading - holding ratio was 89.21%. There are figures showing the price change, trading - holding ratio, precipitation funds change amount, precipitation funds trend, trading amount change rate, and the top 20 net holding ratio trend of the main varieties in the energy and chemical plate [1][5] 3.6 Agricultural Products Plate - The trading volume of the agricultural products plate was 350.971 billion yuan, a - 13.47% change from the previous trading day; the holding amount was 613.232 billion yuan, a + 0.26% change; the trading - holding ratio was 51.54%. There are figures showing the price change, trading - holding ratio, precipitation funds change amount, precipitation funds trend, trading amount change rate, and the top 20 net holding ratio trend of the main varieties in the agricultural products plate [1][5] 3.7 Black Building Materials Plate - The trading volume of the black building materials plate was 320.480 billion yuan, a - 17.79% change from the previous trading day; the holding amount was 393.941 billion yuan, a - 0.54% change; the trading - holding ratio was 79.81%. There are figures showing the price change, trading - holding ratio, precipitation funds change amount, precipitation funds trend, trading amount change rate, and the top 20 net holding ratio trend of each variety in the black building materials plate [2][5]

流动性日报 | 2025-08-18 农产品板块成交3431.90亿元，较上一交易日变动-24.79%；持仓金额6061.13亿元，较上一交易日变动-0.55%；成交 持仓比为53.98%。 黑色建材板块成交3533.73亿元，较上一交易日变动-18.97%；持仓金额3959.96亿元，较上一交易日变动-0.79%；成 交持仓比为80.97%。 2025年期货市场研究报告 第1页 请仔细阅读本报告最后一页的免责声明 市场流动性概况 2025-08-15，股指板块成交7579.91亿元，较上一交易日变动-2.53%；持仓金额12094.83亿元，较上一交易日变动 +0.52%；成交持仓比为63.11%。 国债板块成交4817.31亿元，较上一交易日变动-19.68%；持仓金额8196.46亿元，较上一交易日变动-0.07%；成交持 仓比为60.02%。 基本金属板块成交4259.90亿元，较上一交易日变动+2.72%；持仓金额5126.08亿元，较上一交易日变动+1.21%；成 交持仓比为102.76%。 贵金属板块成交2506.80亿元，较上一交易日变动+13.33%；持仓金额4344.77亿元，较上一交易日 ...

1. Report Industry Investment Rating - Not provided 2. Core View of the Report - The report presents the market liquidity situation on August 13, 2025, including the trading volume, holding amount, trading - holding ratio, and their changes compared with the previous trading day for different sectors such as the stock index, treasury bond, basic metal, precious metal, energy and chemical, agricultural product, and black building materials sectors [1][2] 3. Summary by Relevant Catalogs 3.1 Plate Liquidity - The report shows the trading - holding ratio, trading volume change rate, holding amount, and trading volume of each sector through multiple figures, including Figures 1 - 6 [5] 3.2 Stock Index Plate - On August 13, 2025, the trading volume of the stock index plate was 668.71 billion yuan, a +30.13% change from the previous trading day; the holding amount was 1219.813 billion yuan, a +8.23% change; the trading - holding ratio was 54.95%. Multiple figures show details such as the rise - fall ratio, trading - holding ratio, and precipitation fund changes of each variety in the stock index plate [1][5] 3.3 Treasury Bond Plate - The trading volume of the treasury bond plate was 499.098 billion yuan, a +5.98% change from the previous trading day; the holding amount was 835.561 billion yuan, a - 0.77% change; the trading - holding ratio was 60.15%. Figures show the rise - fall ratio, trading - holding ratio, and other information of each variety in the treasury bond plate [1][5] 3.4 Basic Metal and Precious Metal (Metal Plate) - The trading volume of the basic metal plate was 430.283 billion yuan, a - 14.63% change from the previous trading day; the holding amount was 518.365 billion yuan, a +1.54% change; the trading - holding ratio was 107.27%. The trading volume of the precious metal plate was 297.52 billion yuan, a +19.12% change; the holding amount was 439.177 billion yuan, a +0.71% change; the trading - holding ratio was 75.21%. Figures show the rise - fall ratio, trading - holding ratio, and other details of each variety in the metal plate [1][5] 3.5 Energy and Chemical Plate - The trading volume of the energy and chemical plate was 429.078 billion yuan, a - 7.55% change from the previous trading day; the holding amount was 430.654 billion yuan, a +0.49% change; the trading - holding ratio was 90.05%. Figures show information such as the rise - fall ratio and trading - holding ratio of the main varieties in the energy and chemical plate [1][5] 3.6 Agricultural Product Plate - The trading volume of the agricultural product plate was 563.452 billion yuan, a +39.88% change from the previous trading day; the holding amount was 619.387 billion yuan, a +2.66% change; the trading - holding ratio was 83.07%. Figures present details such as the rise - fall ratio and trading - holding ratio of the main varieties in the agricultural product plate [1][5] 3.7 Black Building Materials Plate - The trading volume of the black building materials plate was 475.371 billion yuan, a +2.79% change from the previous trading day; the holding amount was 416.192 billion yuan, a - 0.87% change; the trading - holding ratio was 100.57%. Figures show the rise - fall ratio, trading - holding ratio, and other information of each variety in the black building materials plate [2][5]

Report Industry Investment Rating - Not provided in the content Core View - The report presents the trading and position data of various market sectors on August 12, 2025, including the trading volume, position amount, trading - position ratio, and their changes compared to the previous trading day, to reflect the market liquidity situation [1][2] Summary by Relevant Catalog 1. Plate Liquidity - The report provides comprehensive data on the trading volume, position amount, trading - position ratio, and their changes of different market sectors such as stock index, treasury bond, base metal, precious metal, energy chemical, agricultural product, and black building materials [1][2] 2. Stock Index Plate - On August 12, 2025, the trading volume was 514.001 billion yuan, a change of - 11.04% compared to the previous trading day; the position amount was 1127.055 billion yuan, a change of - 4.14%; the trading - position ratio was 45.83% [1] 3. Treasury Bond Plate - On August 12, 2025, the trading volume was 470.916 billion yuan, a change of + 4.51% compared to the previous trading day; the position amount was 842.067 billion yuan, a change of - 0.32%; the trading - position ratio was 56.92% [1] 4. Base Metal and Precious Metal (Metal Plate) - Base metal: On August 12, 2025, the trading volume was 504.038 billion yuan, a change of + 39.82% compared to the previous trading day; the position amount was 510.479 billion yuan, a change of + 1.55%; the trading - position ratio was 128.65% - Precious metal: On August 12, 2025, the trading volume was 249.769 billion yuan, a change of - 31.03% compared to the previous trading day; the position amount was 436.098 billion yuan, a change of - 2.36%; the trading - position ratio was 57.45% [1] 5. Energy Chemical Plate - On August 12, 2025, the trading volume was 464.113 billion yuan, a change of - 0.68% compared to the previous trading day; the position amount was 428.566 billion yuan, a change of - 0.29%; the trading - position ratio was 102.18% [1] 6. Agricultural Product Plate - On August 12, 2025, the trading volume was 402.797 billion yuan, a change of - 4.21% compared to the previous trading day; the position amount was 603.319 billion yuan, a change of + 0.84%; the trading - position ratio was 62.41% [1] 7. Black Building Materials Plate - On August 12, 2025, the trading volume was 462.453 billion yuan, a change of + 7.12% compared to the previous trading day; the position amount was 419.844 billion yuan, a change of + 3.39%; the trading - position ratio was 103.44% [2]

流动性日报 | 2025-08-08 市场流动性概况 2025-08-07，股指板块成交5270.86亿元，较上一交易日变动+17.81%；持仓金额11346.96亿元，较上一交易日变动 +1.52%；成交持仓比为46.12%。 国债板块成交3656.55亿元，较上一交易日变动+12.28%；持仓金额8527.51亿元，较上一交易日变动-0.56%；成交 持仓比为43.04%。 基本金属板块成交3762.85亿元，较上一交易日变动+16.62%；持仓金额4893.95亿元，较上一交易日变动+1.42%； 成交持仓比为101.90%。 贵金属板块成交2490.94亿元，较上一交易日变动-4.65%；持仓金额4537.71亿元，较上一交易日变动+1.03%；成交 持仓比为57.26%。 能源化工板块成交4608.60亿元，较上一交易日变动+10.98%；持仓金额4215.70亿元，较上一交易日变动+1.19%； 成交持仓比为86.12%。 农产品板块成交3508.27亿元，较上一交易日变动+3.90%；持仓金额5887.29亿元，较上一交易日变动+0.14%；成交 持仓比为50.05%。 黑色建材板块成交5448 ...

流动性日报 | 2025-08-07 市场流动性概况 2025-08-06，股指板块成交4474.01亿元，较上一交易日变动+6.76%；持仓金额11177.06亿元，较上一交易日变动 +2.45%；成交持仓比为39.69%。 国债板块成交3256.71亿元，较上一交易日变动-16.75%；持仓金额8575.55亿元，较上一交易日变动-0.63%；成交持 仓比为38.61%。 能源化工板块成交4152.70亿元，较上一交易日变动+0.74%；持仓金额4166.06亿元，较上一交易日变动+0.87%；成 交持仓比为87.64%。 农产品板块成交3376.42亿元，较上一交易日变动+7.10%；持仓金额5879.20亿元，较上一交易日变动+0.55%；成交 持仓比为52.82%。 黑色建材板块成交4706.18亿元，较上一交易日变动+2.43%；持仓金额3989.28亿元，较上一交易日变动+3.05%；成 交持仓比为102.05%。 2025年期货市场研究报告 第1页 请仔细阅读本报告最后一页的免责声明 流动性日报 基本金属板块成交3226.66亿元，较上一交易日变动+0.13%；持仓金额4825.40亿元，较上 ...

流动性日报 | 2025-07-31 市场流动性概况 2025-07-30，股指板块成交6671.10亿元，较上一交易日变动+29.18%；持仓金额11647.71亿元，较上一交易日变动 +4.52%；成交持仓比为57.16%。 国债板块成交5176.92亿元，较上一交易日变动+15.60%；持仓金额8768.98亿元，较上一交易日变动-0.86%；成交 持仓比为60.80%。 基本金属板块成交5766.99亿元，较上一交易日变动+13.23%；持仓金额5177.63亿元，较上一交易日变动+3.78%； 成交持仓比为146.81%。 贵金属板块成交3132.20亿元，较上一交易日变动-0.25%；持仓金额4442.49亿元，较上一交易日变动+0.53%；成交 持仓比为87.12%。 能源化工板块成交5977.20亿元，较上一交易日变动+12.67%；持仓金额4304.00亿元，较上一交易日变动+1.86%； 成交持仓比为127.96%。 农产品板块成交3372.82亿元，较上一交易日变动-5.72%；持仓金额5772.45亿元，较上一交易日变动+0.36%；成交 持仓比为53.06%。 黑色建材板块成交766 ...

Market Liquidity Overview - On July 28, 2025, the trading volume of the stock index sector was 508.281 billion yuan, a change of +10.84% from the previous trading day; the position amount was 1133.181 billion yuan, a change of +2.07% from the previous trading day; the trading - position ratio was 44.65% [1] - The trading volume of the treasury bond sector was 440.901 billion yuan, a change of -16.46% from the previous trading day; the position amount was 885.667 billion yuan, a change of -2.24% from the previous trading day; the trading - position ratio was 50.24% [1] - The trading volume of the base metal sector was 685.335 billion yuan, a change of -0.37% from the previous trading day; the position amount was 507.895 billion yuan, a change of -6.32% from the previous trading day; the trading - position ratio was 179.01% [1] - The trading volume of the precious metal sector was 472.097 billion yuan, a change of +46.81% from the previous trading day; the position amount was 444.023 billion yuan, a change of -4.11% from the previous trading day; the trading - position ratio was 148.20% [1] - The trading volume of the energy and chemical sector was 781.804 billion yuan, a change of +2.68% from the previous trading day; the position amount was 426.882 billion yuan, a change of -4.18% from the previous trading day; the trading - position ratio was 169.13% [1] - The trading volume of the agricultural product sector was 416.716 billion yuan, a change of +24.67% from the previous trading day; the position amount was 580.264 billion yuan, a change of -0.75% from the previous trading day; the trading - position ratio was 63.32% [1] - The trading volume of the black building materials sector was 877.660 billion yuan, a change of +30.18% from the previous trading day; the position amount was 384.076 billion yuan, a change of -8.21% from the previous trading day; the trading - position ratio was 220.46% [2] Report Structure I. Sector Liquidity - Includes figures on each sector's trading - position ratio, turnover change rate, position volume, position amount, trading volume, and turnover amount [4][7][8] II. Stock Index Sector - Covers figures on each variety's price change rate, trading - position ratio, change in precipitated funds, trend of precipitated funds, turnover change, and the proportion of net positions of the top 20 in each variety [4][9] III. Treasury Bond Sector - Contains figures on each variety's price change rate, trading - position ratio, change in precipitated funds, trend of precipitated funds, turnover change, and the proportion of net positions of the top 20 in each variety [4][21] IV. Base Metal and Precious Metal (Metal Sector) - Has figures on each variety's price change rate, trading - position ratio, change amount of precipitated funds, trend of precipitated funds, turnover change rate, and the proportion of net positions of the top 20 in each variety [4][30][37] V. Energy and Chemical Sector - Includes figures on each main variety's price change rate, trading - position ratio, change amount of precipitated funds, trend of precipitated funds, turnover change rate, and the proportion of net positions of the top 20 in each variety [4][38][39] VI. Agricultural Product Sector - Covers figures on each main variety's price change rate, trading - position ratio, change amount of precipitated funds, trend of precipitated funds, turnover change rate, and the proportion of net positions of the top 20 in each variety [4][48][49] VII. Black Building Materials Sector - Contains figures on each variety's price change rate, trading - position ratio, change amount of precipitated funds, trend of precipitated funds, turnover change rate, and the proportion of net positions of the top 20 in each variety [4][57][59]