Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View - Industrial silicon futures are currently in a large - range oscillation. The spot price of industrial silicon rose slightly last week. The AI intelligent investment consultation report shows that the daily price of industrial silicon is in a sideways phase, and the main force shows a strong bullish sentiment. It is expected that the industrial silicon 2511 contract will operate in the range of 7,700 - 10,000 [6][7]. - Lithium carbonate futures are also in a large - range oscillation. The spot price of lithium carbonate rose significantly last week. The AI intelligent investment consultation report shows that the daily price of lithium carbonate futures is in a strong upward phase, but the main force has an obvious bearish attitude. It is expected that the lithium carbonate 2511 contract will operate in the range of 65,000 - 100,000 [28][29]. 3. Summary According to the Directory Industrial Silicon Futures - **Mid - line Market Analysis** - The industrial silicon futures are in a large - range oscillation. As of August 15, the 421 price in Xinjiang was 9,150 yuan/ton, 10,000 yuan/ton in Yunnan, and 10,100 yuan/ton in Sichuan. The daily price is in a sideways phase, and the main force has a bullish sentiment. It is expected that the industrial silicon 2511 contract will operate between 7,700 and 10,000 [6][7]. - **Variety Trading Strategy** - Last week's strategy: Consider grid trading in the range. This week's strategy: Still consider grid trading in the range [10]. - **Related Data Situation** - 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 is at a relatively high level compared to the past five years. The LME copper inventory was 122,125 tons, and the ratio of cancelled warrants was 25.73%, at a relatively low level compared to the past five years [12][16]. Lithium Carbonate Futures - **Mid - line Market Analysis** - The lithium carbonate futures are in a large - range oscillation. As of August 15, the market price of battery - grade lithium carbonate was 83,000 yuan/ton, and that of industrial - grade lithium carbonate was 81,950 yuan/ton. The daily price of lithium carbonate futures is in a strong upward phase, but the main force has a bearish attitude. It is expected that the lithium carbonate 2511 contract will operate between 65,000 and 100,000 [28][29]. - **Variety Trading Strategy** - Last week's strategy: Buy a small amount when the lithium carbonate price pulls back to the range of 63,000 - 65,000. This week's strategy: Mainly wait and see [32]. - **Related Data Situation** - 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 is at a relatively low level compared to the past five years. The LME aluminum inventory was 504,000 tons, and the ratio of cancelled warrants was 66.03%, also at a relatively low level compared to the past five years [34][35].

1. Report Industry Investment Rating No information provided. 2. Core Views of the Report - Industrial silicon futures are currently in a wide - range oscillation. The 2509 contract is expected to trade between 7,800 and 10,000 yuan. [6][7] - Lithium carbonate futures are also in a wide - range oscillation. The 2509 contract is expected to trade between 63,000 and 80,000 yuan. [31][32] 3. Summary According to the Catalog Industrial Silicon Futures 3.1 Mid - term Market Analysis - Industrial silicon futures are in a wide - range oscillation. Last week, spot prices showed mixed movements. As of August 1, the price of 421 in Xinjiang was 9,300 yuan/ton, in Yunnan was 10,300 yuan/ton, and in Sichuan was 10,100 yuan/ton. The AI intelligent investment consultation report shows that the daily price is in a downward channel, and there is no obvious long - or short - bias among the main players. The 2509 contract is expected to trade between 7,800 and 10,000 yuan. [6][7] 3.2 Variety Trading Strategies - Last week's strategy: Consider buying in small quantities on dips during the stabilization and recovery of industrial silicon prices. [10] - This week's strategy: Consider grid trading within the range. [11] 3.3 Relevant 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 is at a relatively high level compared to the past five years. [13] - As of April 19, 2024, the LME copper inventory was 122,125 tons, with a cancelled warrant ratio of 25.73%. It is at a relatively low level compared to the past five years. [17] Lithium Carbonate Futures 3.1 Mid - term Market Analysis - Lithium carbonate futures are in a wide - range oscillation. Last week, spot prices declined. As of August 1, the average price of battery - grade lithium carbonate was 69,000 yuan/ton, and that of industrial - grade was 68,300 yuan/ton. The AI variety diagnosis report shows that the daily price is in an upward channel, and the main players show a strong bullish sentiment. The 2509 contract is expected to trade between 63,000 and 80,000 yuan. [31][32] 3.2 Variety Trading Strategies - Last week's strategy: Consider buying in small quantities on dips during the stabilization and recovery of lithium carbonate prices. [35] - This week's strategy: Consider buying in small quantities when the price of lithium carbonate retraces to the 63,000 - 65,000 yuan range. [36] 3.3 Relevant 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 is at a relatively low level compared to the past five years. [39] - As of April 19, 2024, the LME aluminum inventory was 504,000 tons, with a cancelled warrant ratio of 66.03%. It is at a relatively low level compared to the past five years. [41]