股指期货将偏强震荡黄金、白银期货价格再创上市以来新高工业硅、多晶硅、螺纹钢、焦煤、玻璃、纯碱、原油、豆粕、豆油期货将偏弱震荡

Report Industry Investment Rating No relevant content provided. Core View of the Report Through macro - fundamental analysis and technical analysis, the report predicts the trend of various futures on September 23, 2025. Index futures are expected to oscillate strongly, while industrial silicon, polysilicon, rebar, coking coal, glass, soda ash, crude oil, soybean meal, and soybean oil futures are expected to oscillate weakly. Gold and silver futures are likely to reach new highs [2][3]. Summary by Directory 1. Futures Market Outlook - Index Futures: On September 23, 2025, index futures are expected to oscillate strongly. For example, IF2512 has resistance levels at 4518 and 4545 points and support levels at 4455 and 4444 points [2][18]. - Treasury Bond Futures: The ten - year Treasury bond futures contract T2512 and the thirty - year Treasury bond futures contract TL2512 are likely to oscillate widely on September 23, 2025 [2]. - Precious Metal Futures: Gold and silver futures are expected to oscillate strongly and reach new highs. For instance, the gold futures contract AU2512 will attack resistance levels at 855.0 and 860.0 yuan/gram, and the silver futures contract AG2512 will attack resistance levels at 10400 and 10500 yuan/kg [2][3]. - Base Metal Futures: Copper futures are expected to oscillate and consolidate, while aluminum and alumina futures are likely to oscillate weakly on September 23, 2025 [3]. - Industrial and Agricultural Futures: Industrial silicon, polysilicon, rebar, coking coal, glass, soda ash, crude oil, soybean meal, and soybean oil futures are expected to oscillate weakly on September 23, 2025 [3][4][6]. 2. Macro Information and Trading Tips - International Relations: Trump said he would meet with Chinese leaders during the APEC Economic Leaders' Meeting. China's Ministry of Foreign Affairs responded that the two sides are communicating [7]. - Economic Data: China's 1 - year LPR in September was reported at 3%, and the 5 - year and above variety was reported at 3.5%, both remaining unchanged for the fourth consecutive month. Some analysts believe that the central bank may implement a new round of interest rate cuts and reserve requirement ratio cuts in the fourth quarter [7]. - Financial Market: As of the end of June, China's banking industry's total assets were nearly 470 trillion yuan, ranking first in the world; the stock and bond market sizes ranked second in the world; and the foreign exchange reserve size ranked first in the world for 20 consecutive years [8]. 3. Commodity Futures - Related Information - Precious Metals: On September 22, international precious metal futures generally rose. COMEX gold futures rose 2.03% to 3781.20 US dollars/ounce, and COMEX silver futures rose 3.17% to 44.32 US dollars/ounce [11]. - Crude Oil: On September 22, international oil prices oscillated narrowly. The main contract of US crude oil fell 0.10% to 62.34 US dollars/barrel, and the main contract of Brent crude oil fell 0.05% to 66.01 US dollars/barrel [11]. - Base Metals: On September 22, London base metals showed mixed results. LME zinc rose 0.38%, LME lead rose 0.15%, LME copper rose 0.13%, while LME tin fell 0.44%, LME nickel fell 0.46%, and LME aluminum fell 0.62% [11]. - Exchange Rates: On September 22, the on - shore RMB against the US dollar closed at 7.1148 at 16:30, down 23 basis points from the previous trading day, and closed at 7.1138 at night. The central parity rate of the RMB against the US dollar was reported at 7.1106, up 22 basis points from the previous trading day [12]. 4. Futures Market Analysis and Outlook - Index Futures: On September 22, index futures generally showed a small - scale upward trend. For example, the main contract IF2512 of CSI 300 index futures rose 0.30% (0.44% based on the closing price) [12]. - Treasury Bond Futures: On September 22, Treasury bond futures closed up across the board. The 30 - year main contract rose 0.22%, the 10 - year main contract rose 0.20%, the 5 - year main contract rose 0.13%, and the 2 - year main contract rose 0.04% [36]. - Precious Metal Futures: Gold and silver futures continued to rise and reached new highs. For example, the gold futures contract AU2512 reached a new high of 851.98 yuan/gram during the night trading on September 23 [45]. - Base Metal Futures: Copper futures showed a small - scale upward trend, while aluminum and alumina futures showed a downward trend on September 22 [59][63]. - Industrial and Agricultural Futures: Industrial silicon, polysilicon, rebar, coking coal, glass, soda ash, crude oil, soybean meal, and soybean oil futures showed different degrees of decline on September 22 [70][71][80].