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工业硅、碳酸锂期货品种周报2025.09.22-09.26-20250922
Chang Cheng Qi Huo·2025-09-22 12:07

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - Both industrial silicon and lithium carbonate futures are currently in a large - range oscillatory operation. For industrial silicon, the 2511 contract is expected to operate between 7,700 and 10,000, and for lithium carbonate, the 2511 contract is expected to operate between 65,000 and 100,000 [6][31][32]. 3. Summary by Directory Industrial Silicon Futures - Mid - term Market Analysis - Mid - term trend: Industrial silicon futures are in large - range oscillatory operation. The spot price increased last week. As of September 19, the 421 price in Xinjiang was 9,000 yuan/ton, in Yunnan 9,800 yuan/ton, and in Sichuan 9,900 yuan/ton. The AI report shows the daily price is in a sideways phase, and the main long - position camp has a slight advantage. The 2511 contract is expected to operate between 7,700 and 10,000 [6][7]. - Variety Trading Strategy - Last week's strategy: Trade by buying at low prices in the large - range operation. - This week's strategy: Trade by buying at low prices in the large - range operation [10][11]. - Related Data - As of April 19, 2024, SHFE cathode copper inventory was 300,045 tons, an increase of 322 tons from the previous week, at a relatively high level compared to the past five years. LME copper inventory was 122,125 tons, with a cancelled warrant ratio of 25.73%, at a relatively low level compared to the past five years [13][17]. Lithium Carbonate Futures - Mid - term Market Analysis - Mid - term trend: Lithium carbonate futures are in large - range oscillatory operation. The spot price increased last week. As of September 19, the market price of battery - grade lithium carbonate was 73,250 yuan/ton, and industrial - grade was 71,600 yuan/ton. The AI report shows the futures are in a downward channel, and there is no obvious long - short bias among the main players. The 2511 contract is expected to operate between 65,000 and 100,000 [31][32]. - Variety Trading Strategy - Last week's strategy: Consider grid trading within the range. - This week's strategy: Consider grid trading within the range [35]. - Related Data - As of April 19, 2024, SHFE electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week, at a relatively low level compared to the past five years. LME aluminum inventory was 504,000 tons, with a cancelled warrant ratio of 66.03%, at a relatively low level compared to the past five years [37][38].