每日期货全景复盘2.9：减产传闻有待核实，短期氧化铝期货或反复波动

Group 1: Precious Metals Futures - Recent volatility in precious metals remains high, with unclear trends; silver and gold futures have shown significant gains, with silver up 8.9% to 20,873 yuan/kg and gold up 3.88% to 1,125.94 yuan/g [1] - The upcoming release of U.S. CPI and non-farm employment data may trigger fluctuations in gold and other precious metals; geopolitical tensions in the Gulf region continue to pose risks [1] - Central banks are expected to maintain a strong interest in increasing gold reserves due to long-term factors such as geopolitical instability and global monetary system restructuring [1] Group 2: Platinum and Palladium Futures - Platinum and palladium futures are expected to follow the overall sentiment of the precious metals sector, with platinum rising 10.58% to 545.05 yuan/g and palladium up 7.59% to 438.15 yuan/g [1] - The platinum market has experienced physical shortages for several years, with limited mining capacity and insufficient capital expenditure, leading to a structural supply gap [2] - Palladium supply remains constrained, with low inventories and high supply concentration, making it a high-volatility trading product [2] Group 3: Alumina Futures - Alumina futures experienced fluctuations due to rumors of production cuts; the main contract closed up 1.45% at 2,868 yuan/ton [2] - Despite production cuts and maintenance, overall alumina supply remains high, leading to an oversupply situation; inventory levels continue to rise [2][3] - The market is awaiting confirmation of production cut rumors from a major alumina producer, but even if confirmed, it may not significantly alter the overall oversupply dynamics [2]