建信期货镍日报-20250718

Group 1: Report Overview - Report Name: Nickel Daily Report [1] - Date: July 18, 2025 [2] - Research Team: Nonferrous Metals Research Team [3] Group 2: Market Review and Operation Suggestions - Nickel Market Performance: On the 17th, Shanghai nickel was under pressure at the 120,000 integer mark and operated weakly. The main contract 2508 closed down 0.6% at 119,880. The total index position increased by 4,627 to 155,945 lots. [9] - Spot Market: In the off - season, the spot trading of refined nickel was average. Enterprises mainly purchased on demand, and the spot supply was sufficient. The average premium of Jinchuan nickel was 2,050 yuan/ton, and the premium and discount range of mainstream brand electrowon nickel was - 100 - 300 yuan/ton. [9] - Market Outlook: The support at the mine end in the front - end of the industrial chain has weakened. The overall bargaining range of nickel iron has moved down, and some nickel iron plants have cut production. The sulfuric acid nickel price may rise from a low level. Currently, all links in the nickel industrial chain are weak, and the macro - sentiment temporarily dominates the market. Wait for a lower price to go long. [9] Group 3: Industry News - Indonesia Nickel Industry: In 2025, Indonesia's actual nickel ore production was only 120 million tons, while the approved RKAB quota in the first half of the year was 364.1 million tons. The industry is facing cost pressure due to policies and taxes. The APNI is working on ESG norms to enhance its international reputation. [10][11] - Bulgaria Battery Storage System: Bulgaria officially launched the largest operating battery energy storage system in the EU, with a capacity of 124 MW/496.2 MWh. This is a step towards its 10,000 MWh battery storage capacity target. [11] - Nickel - based Solar Cell: A research team in Turkey developed a TOPCon solar cell with nickel contact and almost no silver, which can significantly reduce production costs while maintaining high efficiency. [11] - UK Battery Storage Project: Apatura obtained planning permission for a 100 MW battery energy storage system project in Scotland, which will help the region achieve its net - zero and renewable energy goals. [11]