建信期货镍日报-20250813

Report Summary 1. Report Information - Report Type: Nickel Daily Report [1] - Date: August 13, 2025 [2] - Research Team: Non - Ferrous Metals Research Team [3] 2. Core View - The nickel price is expected to rebound under macro - support, but the oversupply fundamentals remain unchanged, and the price may still face pressure after the sentiment fades [8] 3. Content Summary by Section 3.1 Market Review and Operation Suggestions - Nickel Price Movement: Shanghai nickel fluctuated strongly, with the main contract rising 0.67% to 122,440. The average premium of Jinchuan No.1 nickel decreased by 50 to 2,150 yuan/ton, and the spot premium range of domestic mainstream brand electrowinning nickel was - 100 - 300 yuan/ton [8] - Supply and Price of Nickel Ore: The impact of precipitation in the main producing areas of the Philippines in the third quarter is limited, 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 downward price pressure [8] - NPI Price: 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 921.5 yuan/nickel point on the 12th [8] - Nickel Salt Price: Supported by cost and rigid restocking of precursors, the nickel salt price continued to rise. The average price of battery - grade nickel sulfate on the 12th increased by 60 to 27,510 yuan/ton [8] 3.2 Industry News - Indonesian Investment in Nickel Downstream: Indonesia's 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 syndicated loans [9][10] - Battery Energy Storage Projects - Bulgaria launched a 124 - megawatt/496.2 - megawatt - hour battery energy storage system [10] - Apatura obtained planning permission for a 100 - megawatt battery energy storage system project in Scotland, with the total approved storage capacity exceeding 1.6 gigawatts [10] - Solar Cell Innovation: A research team in Turkey developed a TOPCon solar cell using nickel contact with almost no silver, which can significantly reduce production costs [10]