根据合并数据显示，多头前三席位为国泰君安，总持仓63966、东证期货，总持仓60213、中信期货，总持仓44592；空头前三席位 为国泰君安，总持仓73779、东证期货，总持仓55493、中信期货，总持仓55088； 主力合约前20席位中，多头增仓前三名分别是：东证期货、持仓32600、增仓2818，国泰君安、持仓38388、增仓2105，中财期 货、持仓7554、增仓1145；多头减仓前三名分别是：融达期货、持仓8941、减仓-2188，银河期货、持仓15365、减仓-2107，中信 期货、持仓32917、减仓-1927； 主力合约前20席位中，空头增仓前三名分别是：国泰君安、持仓50699、增仓2665，广发期货、持仓7502、增仓1229，五矿期货、 持仓4590、增仓492；空头减仓前三名分别是：东证期货、持仓39217、减仓-11046，华泰期货、持仓13626、减仓-3258，乾坤期 货、持仓49833、减仓-3021。 文章来源:新浪期货 2025年5月8日锰硅主力合约2509持仓数据一览 | | 名次 会员名称 成交量(双边) | | 増減 | 会员 | 持买車 | 增减 | 会员 | 持卖单 ...

主力合约前20席位中，多头增仓前三名分别是：国泰君安期货、持仓2835、增仓1427，永安期货、持仓9110、增仓1144，中信期 货、持仓5861、增仓872；多头减仓前三名分别是：广发期货、持仓1587、减仓-897，银河期货、持仓4587、减仓-869，国投期 货、持仓5192、减仓-716； 多晶硅期货全合约总计成交55.71万手，比上一日新增37.67万手。全合约前20席位多头持仓8.11万手，比上一日增加8047手。全合 约前20席位空头持仓6.58万手，比上一日增加4920手。 根据合并数据显示，多头前三席位为永安期货，总持仓9801、中信建投，总持仓9151、中信期货，总持仓8542；空头前三席位为 国泰君安期货，总持仓9043、中信期货，总持仓7291、中信建投，总持仓7032； 新浪期货 根据交易所数据，截至5月08日收盘主力合约多晶硅2506,涨跌+2.43%,成交量45.50万手，持仓数据显示前20席位呈现净 多，差额头寸为13014手。 | | | | | 2025年5月8日多晶硅全合约持仓数据一览 | | | | | | | --- | --- | --- | --- | --- ...

【行情回顾】 周三贵金属市场明显调整，因美联储利率决议及会后声明传递偏鹰信号不着急降息及美指回升。最终 黄金2506合约收报3372.6美元/盎司，-1.47%；美白银2507合约收报于32.61美元/盎司，-2.31%。 SHFE黄金2506主力合约收报803.5元/克，+0.88%；SHFE白银2506合约收8252元/千克，+0.17%。 【降息预期与基金持仓】 据CME"美联储观察"数据显示，美联储6月维持利率不变的概率为76.1%，降息25个基点的概率为 22.9%，降息50个基点的概率为1%。美联储7月维持利率不变的概率为27.3%，累计降息25个基点的概 率为57%，累计降息50个基点的概率为15%，累计降息75个基点的概率为0.6%。长线基金看，SPDR黄 金ETF持仓日减0.29吨至937.67吨；iShares白银ETF持仓维持在13958.7吨。库存方面，SHFE银库存日减 18.8吨至941吨；截止4月30日当周的SGX白银库存周减13.6吨至1626.5吨。 贵金属日报：美维持利率不变 贵金属高位震荡 夏莹莹（投资咨询证号：Z0016569） 投资咨询业务资格:证监许可【2011】1 ...

研究员： 廖宏斌 期货从业资格号F30825507 期货投资咨询从业证书号Z0020723 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完 整性不做任何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是 否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发 布。如引用、刊发，需注明出处为瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修 改。 国债期货日报 2025/5/7 | 项目类别 | 数据指标 最新 | 最新 | 环比 项目 | | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 | 108.850 | -0.19% T主力成交量 | 85388 | 16220↑ | | | TF主力收盘价 | 105.995 | -0.08% TF主力成交量 | 62281 | 7590↑ | | | TS主力收盘价 | 102.308 | -0.01% TS主力成交量 | 4038 ...

研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任自负。本报告不构 成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、 复制和发布。如引用、刊发，需注明出处为瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价（元/吨） | 708.00 | +3.50↑ I 主力合约持仓量(手) | 660,279 | +18761↑ | | | I 9-1合约价差（元/吨） | 27 | +2.00↑ I 合约前20名净持仓(手) | 232 | -7943↓ | | | I 大商所仓单（手） | 3,200.00 | 0.00 | | | ...

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core Views - On May 7, the manganese - silicon 2509 contract closed at 5598, down 0.39%. The ferro - silicon 2506 contract closed at 5430, up 0.04%. The iron alloy production profit is negative, and the spot production enthusiasm is low. For manganese - silicon, the manganese ore port inventory is accumulating, and the downstream hot - metal production may have peaked. For ferro - silicon, the steel demand expectation is generally weak. Manganese - silicon should be treated as oscillating weakly, and ferro - silicon should be treated as oscillating. Investors should control risks [2]. 3. Summary by Directory 3.1 Futures Market - **Manganese - silicon (SM)**: The closing price of the SM main contract was 5,598 yuan/ton, up 38 yuan; the position was 660,341 hands, up 5,988 hands; the net position of the top 20 was - 27,105 hands, unchanged; the 9 - 5 contract spread was 74 yuan/ton, down 4 yuan; the number of warehouse receipts was 123,166, down 1,405; the basis of the main contract was 12 yuan/ton, down 38 yuan [2]. - **Ferro - silicon (SF)**: The closing price of the SF main contract was 5,430 yuan/ton, up 32 yuan; the position was 461,065 hands, up 21,684 hands; the net position of the top 20 was - 10,455 hands, unchanged; the 9 - 5 contract spread was 26 yuan/ton, down 26 yuan; the number of warehouse receipts was 17,881, up 19; the basis of the main contract was 120 yuan/ton, down 32 yuan [2]. 3.2 Spot Market - **Manganese - silicon**: The price of Inner Mongolia FeMn68Si18 was 5,610 yuan/ton, unchanged; Guizhou's was 5,600 yuan/ton, down 50 yuan; Yunnan's was 5,500 yuan/ton, down 100 yuan. The weekly average of the manganese - silicon index was 5,602.42 yuan/ton, down 94.58 yuan [2]. - **Ferro - silicon**: The price of Inner Mongolia FeSi75 - B was 5,510 yuan/ton, unchanged; Qinghai's was 5,520 yuan/ton, unchanged; Ningxia's was 5,550 yuan/ton, unchanged [2]. 3.3 Upstream Situation - **Manganese - silicon**: The price of South African Mn38 lump ore at Tianjin Port was 32 yuan/ton - degree, unchanged; the price of Inner Mongolia Wuhai secondary metallurgical coke was 1,070 yuan/ton, unchanged; the manganese ore port inventory was 405.50 million tons, up 32.80 million tons [2]. - **Ferro - silicon**: The price of silica (98% in the northwest) was 210 yuan/ton, unchanged; the price of semi - coke (medium - sized in Shenmu) was 670 yuan/ton, unchanged [2]. 3.4 Industry Situation - **Manganese - silicon**: The enterprise start - up rate was 40.74%, down 0.85 percentage points; the supply was 182,805 tons, down 3,255 tons; the manufacturer's inventory was 181,800 tons, up 24,200 tons; the national steel mill inventory was 15.44 days, down 1.17 days; the demand of the five major steel types was 128,211 tons, up 1,462 tons [2]. - **Ferro - silicon**: The enterprise start - up rate was 30.75%, down 0.16 percentage points; the supply was 99,000 tons, up 100 tons; the manufacturer's inventory was 83,600 tons, down 11,200 tons; the national steel mill inventory was 15.44 days, down 0.82 days; the demand of the five major steel types was 20,560.40 tons, unchanged [2]. 3.5 Downstream Situation - The blast furnace start - up rate of 247 steel mills was 84.35%, unchanged; the blast furnace capacity utilization rate was 92.03%, up 0.41 percentage points; the monthly crude steel output was 92.8414 million tons, up 16.8722 million tons [2]. 3.6 Industry News - When China's steel exports are at the level of 60 - 70 million tons, there are few trade frictions, indicating that the world steel market needs Chinese steel. - In April, the Caixin China General Services Business Activity Index (Services PMI) was 50.7, 1.2 percentage points lower than in March, reaching the lowest in seven months in the expansion range. - In Q1 2025, China's steel exports continued the "one increase and three decreases" trend of last year, and imports continued the pattern of decreasing volume and increasing price. - South Korea imposed a five - year anti - dumping duty on cold - rolled stainless steel coils from Vietnam [2]. 3.7 Profit and Market - **Manganese - silicon**: The Inner Mongolia spot profit was - 110 yuan/ton, and the Ningxia spot profit was - 420 yuan/ton. Steel mills' procurement was cautious, and the tender quantity decreased month - on - month [2]. - **Ferro - silicon**: The Inner Mongolia spot profit was - 130 yuan/ton, and the Ningxia spot profit was - 70 yuan/ton [2]. 3.8 Technical Analysis - For both manganese - silicon and ferro - silicon, the 4 - hour cycle K - line is below the 20 and 60 moving averages [2].

，短线参与为主。 研究员: 许方莉 期货从业资格号F3073708 期货投资咨询从业证书号Z0017638 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 菜籽系产业日报 2025-05-07 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 期货收盘价(活跃合约):菜籽油(日,元/吨) | 9335 | 119 期货收盘价(活跃合约):菜籽粕(日,元/吨) | 2565 | 17 | | 期货市场 | 菜油月间差(9-1):(日,元/吨) 主力合约持仓量:菜油(日,手) | 139 302424 | -10 菜粕月间价差(9-1) ...

新浪期货 根据交易所数据，截至5月07日收盘主力合约对二甲苯2509,涨跌+2.81%,成交量27.05万手，持仓数据显示前20席位呈现 净空，差额头寸为12292手。 (*文中全合约指交易所公布持仓成交数据的所有合约) 对二甲苯期货全合约总计成交31.50万手，比上一日新增11.09万手。全合约前20席位多头持仓15.01万手，比上一日增加1.85万手。 全合约前20席位空头持仓16.23万手，比上一日增加1.78万手。 根据合并数据显示，多头前三席位为国泰君安，总持仓22548、中信期货，总持仓14354、浙商期货，总持仓9591；空头前三席位 为国泰君安，总持仓32897、华泰期货，总持仓16820、东证期货，总持仓11978； 主力合约前20席位中，多头增仓前三名分别是：中信期货、持仓12939、增仓2386，安粮期货、持仓2356、增仓1866，南华期货、 持仓2704、增仓1373；多头减仓前三名分别是：银河期货、持仓7389、减仓-846，浙商期货、持仓4908、减仓-216，国富期货、 持仓1938、减仓-63； 主力合约前20席位中，空头增仓前三名分别是：中信期货、持仓11019、增仓195 ...

新浪期货 根据交易所数据，截至5月07日收盘主力合约PTA2509,涨跌+2.48%,成交量129.80万手，持仓数据显示前20席位呈现净 空，差额头寸为110732手。 | | 名次 会员名称 成交量(双边) | | 增减 | 会员 | 持买单 | 增减 | 会员 | 持卖单 | 增减 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | T | 国泰君安 | 429,143 | 105,661 | | 国泰君安 173,162 11,331 | | 国泰君安 | 167,320 | 6,468 | | 2 | 中信期货 | 318,430 | 50,223 | 中信期货 | 79,371 | -696 | 中信期货 136,081 | | -760 | | 3 | 东证期货 | 283,168 | 91,002 | 东吴期货 | 78,147 | -3,204 | 摩根大通 | 100,989 | -5,193 | | 4 | 华泰期货 | 177,517 | 65,511 | 中粮期货 | 65,773 | 401 | 乾坤期 ...

新浪期货 根据交易所数据，截至5月07日收盘主力合约低硫燃料油2507,涨跌+2.72%,成交量9.23万手，持仓数据显示前20席位呈现 净空，差额头寸为2808手。 低硫燃料油期货全合约总计成交14.16万手，比上一日新增3.14万手。全合约前20席位多头持仓5.72万手，比上一日增加3898手。 全合约前20席位空头持仓5.52万手，比上一日增加3647手。 根据合并数据显示，多头前三席位为国泰君安，总持仓8334、东证期货，总持仓7599、银河期货，总持仓6397；空头前三席位为 东证期货，总持仓6166、银河期货，总持仓6038、永安期货，总持仓5612； 新浪合作大平台期货开户 安全快捷有保障 主力合约前20席位中，多头增仓前三名分别是：国泰君安、持仓7102、增仓1404，永安期货、持仓1665、增仓788，银河期货、持 仓4449、增仓769；多头减仓前三名分别是：方正中期、持仓1172、减仓-766，南华期货、持仓1145、减仓-76，西部期货、持仓 1754、减仓-64； 文章来源:新浪期货 | | | | | 2025年5月7日低硫燃料油主力合约2507持仓数据一览 | | | | | | ...