每日期货全景复盘9.29：贵金属依旧强势，沪银重心继续上移

Market Overview - The futures market shows a bearish sentiment with 22 contracts rising and 57 contracts falling, indicating a concentration of trading activity in declining varieties [2] - The main contracts with significant price increases include Shanghai Silver (+3.92%) and CSI 1000 (+1.98%), while the largest declines were seen in coking coal (-4.98%) and industrial silicon (-4.33%) [5][6] Capital Flow - The most significant capital inflows were observed in the CSI 300 (5.595 billion), SSE 50 (2.367 billion), and CSI 1000 (1.091 billion), indicating strong interest from major funds [8] - Conversely, the largest capital outflows were from coking coal (-1.509 billion), copper (-1.152 billion), and silver (-0.922 billion), suggesting a withdrawal of funds from these commodities [8] Position Changes - Notable increases in open interest were recorded for SSE 2512 (+16.89%) and Shanghai Zinc (+12.94%), indicating new capital entering these markets [11] - Significant decreases in open interest were seen in lead (-19.56%) and cotton yarn (-20.81%), suggesting a potential exit of major funds from these contracts [11] Key Events - The Central Political Bureau of the Communist Party of China emphasized the need for high-quality development and effective market mechanisms during its recent meeting, which may influence economic policies and market conditions [12] - Global iron ore shipments increased to 34.754 million tons, with Australian shipments rising, indicating a potential shift in supply dynamics [13] Commodity Insights - Shanghai Silver remains strong, with prices reaching 10,939 yuan/kg, driven by geopolitical tensions and inflation concerns, suggesting continued investment demand [20] - Coking coal prices fell to 1,152.5 yuan/ton, with expectations of price stability due to cautious production and pre-holiday inventory adjustments [22] - Industrial silicon prices dropped by 4.33% to 8,610 yuan/ton, facing inventory accumulation pressures despite stable demand from downstream sectors [23]