国泰君安期货商品研究晨报：绿色金融与新能源-20250616

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Views of the Report - Nickel: Concerns at the ore end have cooled, and smelting supply has full flexibility [2][4] - Stainless steel: Negative feedback has led to increased production cuts, with both supply and demand weak and prices oscillating at a low level [2][4] - Lithium carbonate: Supply pressure is strong, and the weak oscillation continues [2][9] - Industrial silicon: The main idea is to take a short position [2][12] - Polysilicon: The spot market is weak, and the futures market has a downward driving force [2][12] Group 3: Summaries Based on Related Catalogs Nickel and Stainless Steel - Fundamental Data: The closing price of Shanghai Nickel's main contract was 119,920 yuan, down 80 yuan from the previous day; the closing price of stainless steel's main contract was 12,550 yuan, down 35 yuan. The trading volume of Shanghai Nickel's main contract decreased by 22,801 lots, and that of stainless steel's main contract decreased by 2,252 lots [4] - Macro and Industry News: Ontario, Canada, may stop exporting nickel to the US; Indonesia's CNI nickel - iron project entered the trial - production stage; a nickel smelter in Indonesia resumed production; an Indonesian cold - rolling mill will continue maintenance and may adjust production according to the market; the Philippine Nickel Industry Association welcomed the removal of the raw ore export ban [4][5][6][7] - Trend Intensity: The trend intensity of nickel and stainless steel is 0 [8] Lithium Carbonate - Fundamental Data: The closing price of the 2507 contract was 59,940 yuan, down 500 yuan; the closing price of the 2509 contract was 59,800 yuan, down 680 yuan. The spot price of battery - grade lithium carbonate was 60,650 yuan, unchanged from the previous day [9] - Macro and Industry News: The SMM battery - grade lithium carbonate index price decreased; Surge Battery Metals' Nevada North lithium project has potential; the inventory of 24 sample lithium ore traders decreased [10][11] - Trend Intensity: The trend intensity of lithium carbonate is 0 [11] Industrial Silicon and Polysilicon - Fundamental Data: The closing price of Si2507 was 7,345 yuan/ton, down 110 yuan; the closing price of PS2507 was 33,695 yuan/ton, up 110 yuan. The inventory of industrial silicon decreased, and the profit of polysilicon enterprises was - 5.0 yuan/kg [12] - Macro and Industry News: Zhangye Economic Development Zone is promoting a silicon - based materials project with a total investment of 2063 million yuan, which is expected to have a significant impact on the local silicon - based industry chain [12][14] - Trend Intensity: The trend intensity of industrial silicon and polysilicon is - 1 [14]