Report Overview - Date: September 3, 2025 - Report Name: Guotai Junan Futures Commodity Research Morning Report - Green Finance and New Energy 1. Report Industry Investment Rating - Not provided in the report 2. Report's Core View - Nickel: The fundamental logic shows a narrow - range oscillation, and the sentiment is stimulated by news [2] - Stainless steel: Steel prices are running in a narrow - range oscillation [2] - Lithium carbonate: The basis is slightly repaired, and the weak oscillation continues [2] - Industrial silicon: Emotional disturbances increase, and attention should be paid to the warehouse receipt registration situation [2] - Polysilicon: Short - term fluctuations are significantly amplified [2] 3. Summary by Related Catalogs Stainless Steel - Fundamental Data: The closing price of the stainless - steel main contract is 12,960, up 10 compared to T - 1. The trading volume is 130,629, down 34,264 compared to T - 1. Other related data such as nickel prices, premiums, and costs also show different changes [5] - Macro and Industry News: Multiple events include Canada's potential nickel export halt, project progress in Indonesia, environmental violations, policy changes, production suspensions, and crackdowns on illegal mining [5][6][7][8][9] - Trend Intensity: Stainless - steel trend intensity is 0, indicating a neutral view [10] Lithium Carbonate - Fundamental Data: The closing price of the 2509 contract is 73,280, down 2,260 compared to T - 1. The trading volume and open interest also show significant changes. The basis and other related data are also presented [11] - Macro and Industry News: The SMM battery - grade lithium carbonate index price decreased, and the new - energy vehicle sales data showed growth [12] - Trend Intensity: Lithium carbonate trend intensity is 0, indicating a neutral view [13] Industrial Silicon and Polysilicon - Fundamental Data: The closing price of the Si2511 contract is 8,470, down 25 compared to T - 1. The trading volume, open interest, basis, prices, profits, and inventory data of industrial silicon and polysilicon and related products are provided [14] - Macro and Industry News: A photovoltaic project's procurement tender changed in scale and requirements [16] - Trend Intensity: Industrial silicon and polysilicon trend intensities are both 0, indicating a neutral view [16]
国泰君安期货商品研究晨报：绿色金融与新能源-20250903