新能源期货品种周报-20260330

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core View of the Report - Industrial silicon futures are in a sideways consolidation on the weekly line. The price of the main contract is expected to fluctuate between 8,000 - 9,500 yuan/ton, and it is recommended to wait and see [7][8]. - Polysilicon futures are in a downward channel on the weekly line, and the price is close to the sensitive bottom position of past market conditions. It is recommended to wait and see [27][29]. - Lithium carbonate futures are in a wide - range volatile operation. The main contract is expected to oscillate between 120,000 - 200,000 yuan, and it is recommended to wait and see [44][45]. 3. Summary According to the Directory 3.1 Industrial Silicon Futures - Mid - line Trend Judgment: The industrial silicon futures are in a sideways consolidation on the weekly line. The spot price of industrial silicon was stable last week. As of March 27, the price of 421 in Xinjiang was 8,950 yuan/ton, in Yunnan was 9,800 yuan/ton, and in Sichuan was 9,900 yuan/ton. The main force has a relatively obvious bearish attitude [7]. - Mid - line Strategy Suggestion: The industrial silicon futures are in an oscillating operation. The main contract is expected to operate in the range of 8,000 - 9,500 yuan/ton. It is recommended to wait and see [8]. - Related Data: As of April 19, 2024, the SHF electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week. The LME copper inventory was 122,125 tons, and the proportion of cancelled warrants was 25.73%. From a seasonal perspective, the current inventories are at a relatively low level compared to the past five years [11][13][16]. 3.2 Polysilicon Futures - Mid - line Trend Judgment: The polysilicon futures are in a downward channel on the weekly line. The spot price of polysilicon decreased last week. As of March 27, the price of polysilicon (compact material) was 39 yuan/kg, and the price of polysilicon (re - feed material) was 41 yuan/kg. The main force has no obvious long or short bias [27][29]. - Mid - line Strategy Suggestion: The polysilicon futures are in a downward channel, and the price is close to the sensitive bottom position of past market conditions. It is recommended to wait and see [29]. - Related Data: As of April 19, 2024, the SHF electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week. The LME aluminum inventory was 504,000 tons, and the proportion of cancelled warrants was 66.03%. From a seasonal perspective, the current inventories are at a relatively low level compared to the past five years [32][33][38]. 3.3 Lithium Carbonate Futures - Mid - line Trend Judgment: The lithium carbonate futures are in a wide - range volatile operation. The spot price of lithium carbonate increased slightly last week. As of March 27, the market price of industrial - grade lithium carbonate was 154,250 yuan/ton, and the market price of battery - grade lithium carbonate was 157,350 yuan/ton. The main force shows a strong bearish sentiment [44][45]. - Mid - line Strategy Suggestion: The lithium carbonate futures have a relatively large fluctuation range. The main contract is expected to oscillate between 120,000 - 200,000 yuan. It is recommended to wait and see [45]. - Related Data: As of April 19, 2024, the SHF electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week. The LME aluminum inventory was 504,000 tons, and the proportion of cancelled warrants was 66.03%. From a seasonal perspective, the current inventories are at a relatively low level compared to the past five years [48][49][54].