国泰君安期货商品研究晨报：绿色金融与新能源-20250805

Report Industry Investment Rating No relevant content provided. Core Viewpoints - Nickel: The game between bulls and bears intensifies, and nickel prices fluctuate within a narrow range [2][4]. - Stainless steel: The influence of macro factors fades, and the price returns to the fundamentals, with steel prices oscillating at a low level [2][5]. - Lithium carbonate: Warehouse receipts increase significantly, and the price moves in a volatile manner [2][10]. - Industrial silicon: It is in a weak pattern [2][13]. - Polysilicon: The short - term sentiment cools down, and attention should be paid to news stimuli [2][14]. Summary by Related Catalogs Nickel and Stainless Steel - Fundamental Data: The closing price of the Shanghai nickel main contract is 120,630, and the stainless - steel main contract is 12,925. There are also detailed data on trading volume, prices of related products in the industrial chain, and profit margins [5]. - Macro and Industry News: Canada's Ontario may stop exporting nickel to the US; an Indonesian nickel - iron project enters the trial - production stage; environmental violations are found in an Indonesian industrial park; Indonesia plans to shorten the mining quota period; the approved production plan in 2025 is higher than that in 2024; some production lines in an Indonesian nickel - iron smelting park are suspended [5][6][7]. - Trend Intensity: The trend intensity of nickel and stainless steel is 0 [9]. Lithium Carbonate - Fundamental Data: The closing price of the 2509 contract is 68,920, and there are data on trading volume, positions, warehouse receipts, and prices and profits of related products in the industrial chain [10]. - Macro and Industry News: The SMM battery - grade lithium carbonate index price rises; an Australian lithium - ore auction ends; a lithium - battery material project in Jiangxi is approved [11][12]. - Trend Intensity: The trend intensity of lithium carbonate is 0 [12]. Industrial Silicon and Polysilicon - Fundamental Data: The closing price of Si2509 is 8,360, and PS2509 is 48,720. There are also data on trading volume, positions, price differences, spot premiums and discounts, and profits of related products in the industrial chain [14]. - Macro and Industry News: Liaoning releases the assessment results of distributed photovoltaic grid - connection capacity [14]. - Trend Intensity: The trend intensity of industrial silicon is - 1, and that of polysilicon is 0 [16].