Copper - Copper prices experienced fluctuations and a decline, with domestic refined copper imports remaining unprofitable [3][12] - LME copper inventory decreased by 2,150 tons to 141,075 tons, while Comex inventory increased by 2,255 tons to 467,165 tons [3][12] - Demand for copper is slowing due to high prices, leading to a rigid procurement demand in the market [3][12] Nickel & Stainless Steel - LME nickel fell by 3.34% to $17,065 per ton, while SHFE nickel dropped by 4.48% to 136,510 yuan per ton [4][14] - LME nickel inventory increased by 666 tons to 276,300 tons, and SHFE warehouse receipts rose by 554 tons to 39,330 tons [4][14] - Indonesia plans to adjust nickel quotas based on industry demand to support local prices, but specific quota levels for 2026 remain undisclosed [4][14] Aluminum & Aluminum Alloys - Alumina prices showed a weak trend, with AO2605 settling at 2,797 yuan per ton, down 2.95% [6][15] - SHFE aluminum prices also declined, with AL2602 closing at 23,710 yuan per ton, a drop of 1.17% [6][15] - The market is facing inventory pressure due to increased shipments and reduced outflows from major sales areas [6][15] Industrial Silicon & Polysilicon - Industrial silicon prices weakened, with the main contract settling at 8,535 yuan per ton, down 4.53% [7][16] - Polysilicon contracts hit the limit down, with the main contract at 53,610 yuan per ton, a 9% drop [7][16] - The market is experiencing significant volatility, and a cautious approach is recommended due to concerns over production capacity and demand [7][16] Lithium Carbonate - Lithium carbonate futures rose by 2.46% to 145,000 yuan per ton, with battery-grade lithium carbonate prices increasing by 5,000 yuan to 138,500 yuan per ton [8][17] - Weekly production of lithium increased by 115 tons to 22,535 tons, with various sources contributing to the supply [8][17] - Concerns over actual supply and pricing mechanisms in the lithium market are prevalent, with expectations of continued demand despite potential price declines [8][17]
光大期货：1月9日有色金属日报
Xin Lang Cai Jing·2026-01-09 01:27