Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - Industrial silicon futures prices are expected to maintain a weak trend due to poor supply - demand fundamentals, high inventories, and weak downstream demand. It is recommended to wait and see [7][8]. - Lithium carbonate futures prices will operate in a weak and volatile manner. Given the sharp decline in spot prices, cost - price inversion for some enterprises, high inventory levels, and a pessimistic market sentiment, prices may continue to fall. It is recommended to wait and see, and aggressive investors can consider buying put options [30][31][35]. 3. Summary by Directory Industrial Silicon Futures - Mid - line Market Analysis - The price of industrial silicon futures maintains a weak trend. Affected by poor supply - demand fundamentals, high inventories, and weak downstream demand in industries like polysilicon, organic silicon, and aluminum alloy, prices are under pressure. The AI intelligent investment consultation shows the daily line is in a downward channel. It is recommended to wait and see [7][8]. - Variety Trading Strategy - Last Week's Strategy Review: The price was expected to continue to be under pressure. It was recommended to wait and see, and aggressive investors could consider buying a small amount of put options [11]. - This Week's Strategy Suggestion: The price will maintain a weak trend, and it is recommended to wait and see [12]. - Related Data Situation - As of April 19, 2024, the SHFE cathode copper inventory was 300,045 tons, an increase of 322 tons from the previous week, and it is at a relatively high level compared to the past five years [14]. - As of April 19, 2024, the LME copper inventory was 122,125 tons, with a cancelled warrant ratio of 25.73%. It is at a relatively low level compared to the past five years [18]. Lithium Carbonate Futures - Mid - line Market Analysis - Lithium carbonate futures prices operate in a weak and volatile manner. After a sharp decline in the spot price last week, some integrated producers face cost - price inversion, market transactions are cold, and inventory levels are high. The AI variety diagnosis report shows the daily line is in a downward channel. It is recommended to wait and see [30][31]. - Variety Trading Strategy - Last Week's Strategy Review: It was expected that the price of lithium carbonate might continue to fall, and it was recommended to wait and see [34]. - This Week's Strategy Suggestion: The price may continue to fall, and aggressive investors can consider buying put options [35]. - Related Data Situation - As of April 19, 2024, the SHFE electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week, and it is at a relatively low level compared to the past five years [38]. - As of April 19, 2024, the LME aluminum inventory was 504,000 tons, with a cancelled warrant ratio of 66.03%. It is at a relatively low level compared to the past five years [40].
工业硅、碳酸锂期货品种周报-20250512
Chang Cheng Qi Huo·2025-05-12 03:03