1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The report presents the market liquidity situation on July 4, 2025, including the trading volume, holding amount, trading - holding ratio, and their changes compared with the previous trading day for different sectors such as stock index, treasury bond, basic metal, precious metal, energy - chemical, agricultural product, and black building materials [1][2]. 3. Summary by Relevant Catalogs I. Plate Liquidity The report provides data on trading volume, holding amount, trading - holding ratio, and their changes compared with the previous trading day for multiple sectors, including stock index, treasury bond, basic metal, precious metal, energy - chemical, agricultural product, and black building materials [1][2]. II. Stock Index Plate On July 4, 2025, the trading volume of the stock index plate was 625.937 billion yuan, a +60.52% change from the previous trading day; the holding amount was 1095.323 billion yuan, a +9.99% change; and the trading - holding ratio was 56.94% [1]. III. Treasury Bond Plate On July 4, 2025, the trading volume of the treasury bond plate was 268.997 billion yuan, a - 6.49% change from the previous trading day; the holding amount was 927.353 billion yuan, a +2.56% change; and the trading - holding ratio was 29.61% [1]. IV. Basic Metal and Precious Metal (Metal Plate) On July 4, 2025, the trading volume of the basic metal plate was 349.009 billion yuan, a +3.46% change from the previous trading day; the holding amount was 507.371 billion yuan, a - 1.34% change; and the trading - holding ratio was 89.73%. The trading volume of the precious metal plate was 343.446 billion yuan, a +3.64% change; the holding amount was 440.884 billion yuan, a - 1.21% change; and the trading - holding ratio was 86.21% [1]. V. Energy - Chemical Plate On July 4, 2025, the trading volume of the energy - chemical plate was 477.24 billion yuan, a - 0.06% change from the previous trading day; the holding amount was 433.448 billion yuan, a +0.42% change; and the trading - holding ratio was 91.84% [1]. VI. Agricultural Product Plate On July 4, 2025, the trading volume of the agricultural product plate was 266.379 billion yuan, a - 3.06% change from the previous trading day; the holding amount was 559.453 billion yuan, a - 0.42% change; and the trading - holding ratio was 42.05% [1]. VII. Black Building Materials Plate On July 4, 2025, the trading volume of the black building materials plate was 254.961 billion yuan, a - 10.57% change from the previous trading day; the holding amount was 364.163 billion yuan, a +0.84% change; and the trading - holding ratio was 72.29% [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 June 30, 2025, including changes in trading volume, position value, and trading - position ratios, reflecting the market liquidity situation of different sectors [1][2] Summary by Directory 1. Plate Liquidity - The report shows the trading - position ratios, trading volume change rates, position quantities, position values, trading volumes, and trading amounts of various sectors, with data sources from Flush and Huatai Futures Research Institute [1][2][8] 2. Stock Index Plate - On June 30, 2025, the stock index plate had a trading volume of 419.937 billion yuan, a - 17.35% change from the previous trading day; the position value was 1001.352 billion yuan, a - 4.39% change; the trading - position ratio was 41.75%. There are also data on the price changes, trading - position ratios, and capital changes of each variety in the stock index plate [1][12][13] 3. Treasury Bond Plate - The trading volume of the treasury bond plate was 362.091 billion yuan, a + 8.43% change from the previous trading day; the position value was 874.609 billion yuan, a - 2.87% change; the trading - position ratio was 42.58%. There are also data on the price changes, trading - position ratios, and capital changes of each variety in the treasury bond plate [1][20][23] 4. Base Metals and Precious Metals (Metal Plate) - The base metals plate had a trading volume of 278.158 billion yuan, a - 9.34% change from the previous trading day; the position value was 409.516 billion yuan, a - 1.64% change; the trading - position ratio was 117.52%. The precious metals plate had a trading volume of 428.967 billion yuan, a + 6.04% change; the position value was 427.153 billion yuan, a - 2.43% change; the trading - position ratio was 106.03%. There are also data on the price changes, trading - position ratios, and capital changes of each variety in the metal plate [1][37][39] 5. Energy and Chemical Plate - The trading volume of the energy and chemical plate was 465.256 billion yuan, a + 0.62% change from the previous trading day; the position value was 387.537 billion yuan, a + 0.32% change; the trading - position ratio was 92.77%. There are also data on the price changes, trading - position ratios, and capital changes of the main varieties in the energy and chemical plate [1][39][41] 6. Agricultural Products Plate - The trading volume of the agricultural products plate was 300.795 billion yuan, a + 24.13% change from the previous trading day; the position value was 550.123 billion yuan, a - 1.02% change; the trading - position ratio was 48.32%. There are also data on the price changes, trading - position ratios, and capital changes of the main varieties in the agricultural products plate [1][52][54] 7. Black Building Materials Plate - The trading volume of the black building materials plate was 238.173 billion yuan, a + 2.58% change from the previous trading day; the position value was 345.320 billion yuan, a + 0.10% change; the trading - position ratio was 70.10%. There are also data on the price changes, trading - position ratios, and capital changes of each variety in the black building materials plate [2][57][59]

Report Title - Liquidity Daily Report [3][70] Report Date - June 27, 2025 [70] Core View - The report presents the trading liquidity data of various market sectors on June 26, 2025, including trading volume, holding volume, trading - holding ratio, and their changes compared to the previous trading day [1][2] Summary by Section 1. Plate Liquidity - The report provides data on trading volume, holding volume, trading - holding ratio, and their changes for multiple sectors including stock index, treasury bond, basic metal, precious metal, energy and chemical, agricultural product, and black building materials [1][2] 2. Stock Index Plate - On June 26, 2025, the trading volume was 4550.19 billion yuan, a - 26.80% change from the previous trading day; the holding amount was 10135.30 billion yuan, a - 4.83% change; the trading - holding ratio was 44.51% [1] 3. Treasury Bond Plate - The trading volume was 2499.35 billion yuan, a - 30.48% change from the previous trading day; the holding amount was 8863.54 billion yuan, a - 0.05% change; the trading - holding ratio was 28.93% [1] 4. Basic Metal and Precious Metal (Metal Plate) - The trading volume was 2959.58 billion yuan, a + 30.63% change from the previous trading day; the holding amount was 3963.72 billion yuan, a + 1.46% change; the trading - holding ratio was 119.65% [1] 5. Energy and Chemical Plate - The trading volume was 5462.92 billion yuan, a + 4.83% change from the previous trading day; the holding amount was 3913.21 billion yuan, a + 0.13% change; the trading - holding ratio was 97.88% [1] 6. Agricultural Product Plate - The trading volume was 3397.47 billion yuan, a + 12.62% change from the previous trading day; the holding amount was 5595.45 billion yuan, a + 0.13% change; the trading - holding ratio was 60.37% [1] 7. Black Building Materials Plate - The trading volume was 1852.91 billion yuan, a - 0.15% change from the previous trading day; the holding amount was 3390.78 billion yuan, a + 0.72% change; the trading - holding ratio was 54.89% [2]

流动性日报 | 2025-06-25 市场流动性概况 2025-06-24，股指板块成交5446.28亿元，较上一交易日变动+21.41%；持仓金额9886.31亿元，较上一交易日变动 +4.59%；成交持仓比为55.37%。 国债板块成交2687.29亿元，较上一交易日变动+7.28%；持仓金额8883.85亿元，较上一交易日变动-0.84%；成交持 仓比为30.82%。 基本金属板块成交2341.50亿元，较上一交易日变动+10.24%；持仓金额3872.83亿元，较上一交易日变动+0.50%； 成交持仓比为89.40%。 贵金属板块成交4964.43亿元，较上一交易日变动+39.13%；持仓金额4394.91亿元，较上一交易日变动-0.78%；成 交持仓比为100.64%。 能源化工板块成交9299.76亿元，较上一交易日变动+20.67%；持仓金额4032.77亿元，较上一交易日变动-2.63%； 成交持仓比为155.41%。 农产品板块成交3211.92亿元，较上一交易日变动+5.65%；持仓金额5637.95亿元，较上一交易日变动-1.72%；成交 持仓比为49.13%。 黑色建材板块成交2185 ...

流动性日报 | 2025-06-23 基本金属板块成交2117.37亿元，较上一交易日变动+13.87%；持仓金额3832.70亿元，较上一交易日变动-0.91%； 成交持仓比为73.91%。 贵金属板块成交3800.07亿元，较上一交易日变动-17.24%；持仓金额4462.04亿元，较上一交易日变动-2.09%；成交 持仓比为105.95%。 能源化工板块成交7629.60亿元，较上一交易日变动+1.68%；持仓金额4090.06亿元，较上一交易日变动+0.64%；成 交持仓比为122.52%。 农产品板块成交2958.39亿元，较上一交易日变动+1.82%；持仓金额5786.74亿元，较上一交易日变动+0.81%；成交 持仓比为44.88%。 黑色建材板块成交2180.40亿元，较上一交易日变动+22.88%；持仓金额3342.16亿元，较上一交易日变动+0.84%； 成交持仓比为67.72%。 市场流动性概况 2025-06-20，股指板块成交5056.84亿元，较上一交易日变动-11.18%；持仓金额8846.89亿元，较上一交易日变动 -10.32%；成交持仓比为56.85%。 国债板块成交252 ...

流动性日报 | 2025-06-20 市场流动性概况 2025-06-19，股指板块成交5693.34亿元，较上一交易日变动+17.12%；持仓金额9864.78亿元，较上一交易日变动 +2.20%；成交持仓比为57.10%。 国债板块成交2540.85亿元，较上一交易日变动+7.28%；持仓金额8742.82亿元，较上一交易日变动+0.82%；成交持 仓比为29.27%。 基本金属板块成交1859.44亿元，较上一交易日变动-0.64%；持仓金额3868.02亿元，较上一交易日变动-0.90%；成 交持仓比为67.16%。 贵金属板块成交4591.87亿元，较上一交易日变动+10.23%；持仓金额4557.51亿元，较上一交易日变动-2.77%；成 交持仓比为119.19%。 能源化工板块成交7503.48亿元，较上一交易日变动+6.89%；持仓金额4063.85亿元，较上一交易日变动+1.91%；成 交持仓比为122.49%。 农产品板块成交2905.43亿元，较上一交易日变动-4.91%；持仓金额5740.24亿元，较上一交易日变动+0.79%；成交 持仓比为44.37%。 黑色建材板块成交1774.4 ...

能源化工板块成交7019.59亿元，较上一交易日变动+9.54%；持仓金额3987.64亿元，较上一交易日变动+3.29%；成 交持仓比为125.68%。 农产品板块成交3055.32亿元，较上一交易日变动-6.47%；持仓金额5695.42亿元，较上一交易日变动+1.42%；成交 持仓比为49.05%。 流动性日报 | 2025-06-19 市场流动性概况 2025-06-18，股指板块成交4861.01亿元，较上一交易日变动+4.57%；持仓金额9652.31亿元，较上一交易日变动 -0.94%；成交持仓比为50.10%。 国债板块成交2368.33亿元，较上一交易日变动-32.82%；持仓金额8671.80亿元，较上一交易日变动-0.02%；成交持 仓比为27.55%。 基本金属板块成交1871.40亿元，较上一交易日变动+7.42%；持仓金额3903.06亿元，较上一交易日变动+1.38%；成 交持仓比为68.55%。 贵金属板块成交4165.63亿元，较上一交易日变动+3.87%；持仓金额4687.29亿元，较上一交易日变动+1.24%；成交 持仓比为110.74%。 黑色建材板块成交1814.20 ...

流动性日报 | 2025-06-12 基本金属板块成交2175.13亿元，较上一交易日变动-2.80%；持仓金额3995.72亿元，较上一交易日变动+0.91%；成 交持仓比为87.34%。 贵金属板块成交3646.40亿元，较上一交易日变动-18.65%；持仓金额4623.09亿元，较上一交易日变动+0.42%；成 交持仓比为85.42%。 能源化工板块成交3507.55亿元，较上一交易日变动-13.16%；持仓金额3746.28亿元，较上一交易日变动+0.01%； 成交持仓比为77.35%。 农产品板块成交3090.73亿元，较上一交易日变动+17.08%；持仓金额5416.43亿元，较上一交易日变动+0.91%；成 交持仓比为52.21%。 黑色建材板块成交2046.95亿元，较上一交易日变动-8.24%；持仓金额3399.05亿元，较上一交易日变动+0.46%；成 交持仓比为60.36%。 市场流动性概况 2025-06-11，股指板块成交4886.72亿元，较上一交易日变动-4.68%；持仓金额9935.19亿元，较上一交易日变动 +0.56%；成交持仓比为49.08%。 国债板块成交2189.20 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View The report presents the market liquidity situation on June 9, 2025, including the trading volume, holding amount, trading - holding ratio, and their changes compared to the previous trading day for different sectors such as stock index, treasury bond, basic metal, precious metal, energy chemical, agricultural product, and black building material sectors. [1][2] 3. Summary by Directory I. Plate Liquidity The report provides information on the trading volume, holding amount, trading - holding ratio, and their changes compared to the previous trading day for various sectors, including stock index, treasury bond, basic metal, precious metal, energy chemical, agricultural product, and black building material sectors. [1][2] II. Stock Index Plate On June 9, 2025, the stock index plate had a trading volume of 432.842 billion yuan, a 33.50% increase from the previous trading day; the holding amount was 986.735 billion yuan, a 6.11% increase; the trading - holding ratio was 43.70%. [1] III. Treasury Bond Plate On June 9, 2025, the treasury bond plate had a trading volume of 304.366 billion yuan, a 7.50% increase from the previous trading day; the holding amount was 807.123 billion yuan, a 1.85% increase; the trading - holding ratio was 38.22%. [1] IV. Basic Metal and Precious Metal (Metal Plate) On June 9, 2025, the basic metal plate had a trading volume of 231.325 billion yuan, an 11.33% decrease from the previous trading day; the holding amount was 386.433 billion yuan, a 1.28% increase; the trading - holding ratio was 92.00%. The precious metal plate had a trading volume of 512.271 billion yuan, a 20.24% decrease from the previous trading day; the holding amount was 464.732 billion yuan, a 0.65% decrease; the trading - holding ratio was 112.91%. [1] V. Energy Chemical Plate On June 9, 2025, the energy chemical plate had a trading volume of 407.132 billion yuan, a 2.64% increase from the previous trading day; the holding amount was 374.671 billion yuan, a 1.73% increase; the trading - holding ratio was 88.19%. [1] VI. Agricultural Product Plate On June 9, 2025, the agricultural product plate had a trading volume of 266.432 billion yuan, an 18.42% decrease from the previous trading day; the holding amount was 533.929 billion yuan, a 1.64% increase; the trading - holding ratio was 46.39%. [1] VII. Black Building Material Plate On June 9, 2025, the black building material plate had a trading volume of 220.925 billion yuan, a 22.89% decrease from the previous trading day; the holding amount was 339.459 billion yuan, a 0.06% increase; the trading - holding ratio was 72.41%. [2]

流动性日报 | 2025-06-09 贵金属板块成交6422.92亿元，较上一交易日变动+89.92%；持仓金额4677.71亿元，较上一交易日变动+3.33%；成 交持仓比为168.08%。 能源化工板块成交3966.49亿元，较上一交易日变动-5.25%；持仓金额3683.17亿元，较上一交易日变动+0.03%；成 交持仓比为87.85%。 农产品板块成交3265.81亿元，较上一交易日变动+40.97%；持仓金额5253.12亿元，较上一交易日变动+0.97%；成 交持仓比为56.29%。 黑色建材板块成交2864.97亿元，较上一交易日变动+29.09%；持仓金额3392.62亿元，较上一交易日变动+0.04%； 成交持仓比为91.15%。 市场流动性概况 2025-06-06，股指板块成交3242.36亿元，较上一交易日变动-18.77%；持仓金额9299.04亿元，较上一交易日变动 -3.09%；成交持仓比为34.72%。 国债板块成交2831.40亿元，较上一交易日变动-18.39%；持仓金额7924.79亿元，较上一交易日变动+2.10%；成交 持仓比为36.21%。 基本金属板块成交2608 ...