导致9月初以来国内商品期货市场大幅上涨的三个原因,都已经或即将发生变化,本轮商品期货盛宴恐难以持续。今年9月初以来,国内商品期货市场出现了一波令人咋舌的上涨行情。较9月初,“绝代双焦”的焦煤与焦炭期货价格已翻了一番,铁矿石与螺纹钢期货价格上涨也分别超过70%与50%。考虑到这一波商品期货价格上涨是在中国经济增速仍在下行的背景下发生的,关于“滞胀”的担忧随即产生,很快对 All three of the reasons that led to the sharp rise of the domestic commodity futures market since the beginning of September have been or will soon be changing. The current round of commodity futures fears will be hard to sustain. Since the beginning of September this year, there has been a wave of staggering rally in the domestic commodity futures market. Compared with the beginning of September, the price of coking coal and coke futures has doubled, while that of iron ore and rebar futures surpassed 70% and 50% respectively. Taking into account the wave of rising commodity futures prices in the context of China’s economic growth is still under the background of the “” stagflation "concerns immediately arising