Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - Both industrial silicon and lithium carbonate futures are currently in a wide - range oscillation. For industrial silicon, the 2511 contract is expected to trade between 7,700 and 10,000 yuan; for lithium carbonate, the 2511 contract is expected to move in the range of 65,000 to 100,000 yuan [8][30]. 3. Summaries by Section Industrial Silicon Futures - Mid - term Market Analysis - Industrial silicon futures are in a large - range oscillation. As of October 17, the 421 price in Xinjiang was 9,100 yuan/ton, 9,900 yuan/ton in Yunnan, and 10,000 yuan/ton in Sichuan. The daily price is generally in a downward channel, and the main short - side camp has a slight advantage [7]. - The industrial silicon 2511 contract is expected to operate between 7,700 and 10,000 [8]. - Variety Trading Strategy - Last week, the strategy was to mainly buy on dips; this week, it is advisable to consider grid trading within the range [11][12]. - Related Data - As of April 19, 2024, the SHFE cathode copper inventory was 300,045 tons, an increase of 322 tons from the previous week, and it was at a relatively high level compared to the past five years [14]. - As of April 19, 2024, the LME copper inventory was 122,125 tons, with a canceled warrant ratio of 25.73%, and it was at a relatively low level compared to the past five years [18]. Lithium Carbonate Futures - Mid - term Market Analysis - Lithium carbonate futures are in a large - range oscillation. As of October 17, the market price of battery - grade lithium carbonate was 73,750 yuan/ton, and that of industrial - grade lithium carbonate was 72,250 yuan/ton. The daily chart of lithium carbonate futures is in a sideways phase, and the main funds show a strong bearish sentiment [30]. - The lithium carbonate 2511 contract is expected to operate between 65,000 and 100,000 yuan [30]. - Variety Trading Strategy - Last week, the strategy was to consider grid trading; this week, it is advisable to mainly buy on dips as it moves in a large range [33]. - Related Data - As of April 19, 2024, the SHFE electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week, and it was at a relatively low level compared to the past five years [36]. - As of April 19, 2024, the LME aluminum inventory was 504,000 tons, with a canceled warrant ratio of 66.03%, and it was at a relatively low level compared to the past five years [41].
工业硅、碳酸锂期货品种周报-20251020
Chang Cheng Qi Huo·2025-10-20 02:01