建信期货镍日报-20250812

Report Information - Report Name: Nickel Daily Report [1] - Date: August 12, 2025 [2] - Research Team: Nonferrous Metals Research Team [3] - Researchers: Yu Feifei, Zhang Ping, Peng Jinglin [3] Industry Investment Rating - Not provided in the given content Core View - The long - term surplus pressure of primary nickel remains significant. Short - term price rebounds of industrial chain products are due to long - term low prices, and should be treated as short - term rebounds. After the macro - optimistic sentiment fades, prices are likely to continue to face pressure [7] Summary by Directory 1. Market Review and Operation Suggestions - On the 11th, Shanghai nickel strengthened again, with the main contract rising 0.8% to 122,130. The spot market had sufficient available supply, but the receiving sentiment was average. The average premium of Jinchuan No.1 nickel decreased by 50 to 2,200 yuan/ton, and the spot premium/discount quotation range of domestic mainstream brand electrowinning nickel was - 100 - 300 yuan/ton [7] - The precipitation in the main producing areas of the Philippines in the third quarter has limited impact, and shipments will remain at a high level. The approved quota of RKAB in Indonesia is as high as 310 million wet tons, with a strong expectation of increased nickel ore supply, and prices are under downward pressure, weakening the support at the ore end [7] - Due to the short - term high price of nickel ore, most Indonesian iron plants are still in a state of cost inversion. The NPI price continued to rise, with an average of 919 yuan/nickel point on the 11th. Large stainless steel enterprises are still waiting and have limited acceptance of high - priced raw materials [7] - Nickel salt prices rebounded due to the rigid replenishment of precursors and low inventories of nickel salt plants. On the 11th, it continued to rise by 10 to 27,450 yuan/ton [7] 2. Industry News - Indonesia's National Investment Management Agency Danantara is exploring investment opportunities in the nickel downstream industry and considering acquiring the PT Gunbuster Nickel Industry (GNI) smelter. It plans to prepare an investment plan of over $20 billion and provide about $60 million in medium - term financing through a syndicated loan [8][10] - Bulgaria officially launched the largest operating battery energy storage system in the EU, with a capacity of 124 MW/496.2 MWh [9] - A research team in Turkey developed a TOPCon solar cell using nickel contact with almost no silver, which can significantly reduce production costs while maintaining high performance [9] - Renewable energy storage company Apatura obtained planning permission for a 100 - MW battery energy storage system project in Scotland, increasing its approved total energy storage capacity to over 1.6 GW [9]