工业硅、碳酸锂期货品种周报-20250825

1. Report Industry Investment Rating - There is no information provided regarding the report industry investment rating. 2. Core Viewpoints of the Report - Industrial silicon futures are currently in a large - range oscillatory operation. The 2511 contract is expected to operate between 7,700 and 10,000 yuan. The spot price of industrial silicon decreased slightly last week, and the AI - smart investment consultation report shows that the daily price is in a sideways phase, with the main short - position camp having a slight advantage [6][7]. - Lithium carbonate futures are also in a large - range oscillatory operation. The 2511 contract is expected to operate between 65,000 and 100,000 yuan. The spot price of lithium carbonate first rose and then declined last week, and the AI - smart investment consultation report shows that the futures' daily price is in an upward channel, with the main force showing a strong bullish sentiment [31][32]. 3. Summary According to the Directory Industrial Silicon Futures 3.1. Mid - line Market Analysis - The industrial silicon futures are in a large - range oscillatory operation. As of August 22, the price of 421 in Xinjiang was 8,800 yuan/ton, 9,800 yuan/ton in Yunnan, and 10,000 yuan/ton in Sichuan. The AI - smart investment consultation report shows a sideways daily price, and the main short - position camp has a slight advantage. The 2511 contract is expected to operate between 7,700 and 10,000 yuan [6][7]. 3.2. Variety Trading Strategy - Last week's strategy was to consider grid trading within the range, and this week's strategy remains the same [10]. 3.3. Relevant Data Situation - As of April 19, 2024, the cathode copper inventory on the Shanghai Futures Exchange was 300,045 tons, an increase of 322 tons from the previous week, and it is at a relatively high level compared to the past five years. The LME copper inventory was 122,125 tons, with a cancelled - warrant ratio of 25.73%, and it is at a relatively low level compared to the past five years [12][16]. Lithium Carbonate Futures 3.1. Mid - line Market Analysis - Lithium carbonate futures are in a large - range oscillatory operation. As of August 22, the market price of battery - grade lithium carbonate was 80,500 yuan/ton, and that of industrial - grade lithium carbonate was 79,450 yuan/ton. The AI - smart investment consultation report shows an upward daily price channel, and the main force has a strong bullish sentiment. The 2511 contract is expected to operate between 65,000 and 100,000 yuan [31][32]. 3.2. Variety Trading Strategy - Last week's strategy was to mainly wait and see, and this week's strategy remains the same [35][36]. 3.3. Relevant Data Situation - As of April 19, 2024, the electrolytic aluminum inventory on the Shanghai Futures Exchange was 228,537 tons, a decrease of 3,228 tons from the previous week, and it is at a relatively low level compared to the past five years. The LME aluminum inventory was 504,000 tons, with a cancelled - warrant ratio of 66.03%, and it is at a relatively low level compared to the past five years [39][41].