天富期货碳酸锂、工业硅、多晶硅日报-20251110

1. Report Industry Investment Rating No relevant content provided. 2. Core Views - The lithium carbonate futures continued to rebound, with the main 2601 contract rising 6.00% to 87,240 yuan/ton, hitting a two - and - a - half - month high. The market returned to the fundamental logic, and the "energy storage + power" demand strongly supported the lithium price. The inventory decreased, and the price was expected to be strong in the short term [1]. - The industrial silicon futures fluctuated strongly, with the main 2601 contract rising 0.76% to 9,290 yuan/ton. The fundamentals showed a pattern of weak supply and demand, and the market was expected to be strong in the short term [5][8]. - The polysilicon futures continued to fluctuate at a high level, with the main 2601 contract rising 0.95% to 53,720 yuan/ton. The market trading focus switched between fundamentals and policy expectations, and the market was mainly in a wide - range shock [12]. 3. Summary by Directory Carbonate Lithium - Market Performance: The main 2601 contract rose 6.00% to 87,240 yuan/ton, hitting a two - and - a - half - month high [1]. - Fundamentals: The "energy storage + power" demand supported the lithium price. The new energy vehicle market had strong growth momentum, and the energy storage demand exceeded expectations. The inventory decreased by 3405 tons, a 2.67% week - on - week decrease, and the de - stocking accelerated [1]. - Technical Analysis: The overall position increased significantly. The main 2601 contract increased positions and rose, with bulls in control. The 5 - minute cycle was expected to be strong in the short term, and the 2 - hour cycle turned strong last Friday with a long - short dividing water level of 78,560 yuan/ton [2]. Industrial Silicon - Market Performance: The main 2601 contract rose 0.76% to 9,290 yuan/ton [5]. - Fundamentals: The fundamentals tightened. Southern small and medium - sized factories reduced production due to the dry season, while northern supply remained high. The downstream had a reduction expectation, showing a pattern of weak supply and demand [5][8]. - Technical Analysis: The overall position increased slightly. The main 2601 contract increased positions and rose, with bulls in control. The 5 - minute cycle was expected to be strong in the short term, and the 2 - hour cycle turned strong last Friday with a long - short dividing water level of 8,885 yuan/ton [8]. Polysilicon - Market Performance: The main 2601 contract rose 0.95% to 53,720 yuan/ton [12]. - Fundamentals: The market trading focus switched between fundamentals and policy expectations. The supply was expected to tighten, with an expected 15.36% month - on - month decrease in November production. The silicon wafer production decreased, the battery market was weak, and the component price was stable [12]. - Technical Analysis: The overall position decreased slightly. The main 2601 contract increased positions and rose, with bulls in control. The 5 - minute cycle was in shock, and the 2 - hour cycle had a long - short dividing water level of 56,065 yuan/ton [13][15].