Report Summary 1. Report Industry Investment Rating - Not provided in the report 2. Core Views - Industrial silicon futures prices are in a weak downward trend due to delayed polysilicon production, concentrated maintenance of silicone devices leading to weaker demand, high social inventory of 270,000 tons, and high futures warehouse receipts of 200,000 tons. The price will continue to be under pressure, and it is recommended to wait and see [6][7]. - Lithium carbonate futures prices are in a weak and volatile state. The spot market has an oversupply situation, and downstream manufacturers are mostly waiting and seeing, mainly purchasing raw materials for rigid demand. The price is under pressure to decline, and the pressure range for lithium carbonate 2507 is 71,000 - 72,000. It is recommended to wait and see [28][29][33]. 3. Summary by Directory Industrial Silicon Futures - Mid - term Market Analysis - The price is in a weak downward trend. The demand is weakening marginally, and the inventory is at a historical high. The AI intelligent investment consultation shows the price is in a downward channel. It is recommended to wait and see [6][7]. - Variety Trading Strategy - Last week: The situation of weak supply and demand was difficult to change, and the price would continue to be under pressure. It was recommended to wait and see. - This week: Due to high inventory and weak demand, the price will continue to be under pressure. It is recommended to wait and see [10]. - Related Data Situation - As of April 19, 2024, SHFE cathode copper inventory was 300,045 tons, an increase of 322 tons from the previous week, and it was at a relatively high level compared to the past five years. - As of April 19, 2024, LME copper inventory was 122,125 tons, and the proportion of cancelled warehouse receipts was 25.73%. It was at a relatively low level compared to the past five years [13][15]. Lithium Carbonate Futures - Mid - term Market Analysis - The price is in a weak and volatile state. The spot market has an oversupply, and the technical analysis shows it is in a downward channel. The price is under pressure, and the pressure range for lithium carbonate 2507 is 71,000 - 72,000 [28][29]. - Variety Trading Strategy - Last week: Lithium carbonate 2507 should focus on the operating range of 68,000 - 73,000, and a large - grid trading strategy could be considered. - This week: The pressure range for lithium carbonate 2507 is 71,000 - 72,000. It is recommended to wait and see [32][33]. - Related Data Situation - As of April 19, 2024, SHFE electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week, and it was at a relatively low level compared to the past five years. - As of April 19, 2024, LME aluminum inventory was 504,000 tons, and the proportion of cancelled warehouse receipts was 66.03%. It was at a relatively low level compared to the past five years [35][37].
工业硅、碳酸锂期货品种周报-20250428
Chang Cheng Qi Huo·2025-04-28 15:30