Changes in Hong Kong stocks | Xinte Energy (01799) fell nearly 4% in the intraday period, and the main polysilicon contract hit a decline and the trend of silicon accumulation remained unchanged

The Zhitong Finance App learned that Xinte Energy (01799) fell nearly 4% in the intraday period. As of press release, it was down 3.11% to HK$7.47, with a turnover of HK$6.0938 million.

According to news, on January 8, the main polysilicon contract came to a standstill, with a drop of 9% to 5,3,610 yuan/ton. According to Jibang Optical Storage's observation, on the supply side, the current silicon inventory has exceeded 480,000 tons, and the storage trend has not changed. Although leading manufacturers such as Tongwei have achieved small shipments through the “low price old order with high price new order” bundling method, overall supply pressure is still high. It is expected that in the future, under industry self-regulatory quota restrictions, manufacturers will control supply through drastic production cuts.

Huatai Futures pointed out a few days ago that the price of polysilicon is expected to maintain fluctuation in the 54-60,000 yuan/ton range. The risk control measures introduced by Guangji to raise security deposits have raised the trading position threshold and suppressed market sentiment. Inventory backlog and supply-side pressure made high-price transactions less common or were the reason for the price drop on the same day. In the short term, pay attention to the new silicon wafer price and January production schedule: in the medium to long term, we need to keep an eye on the implementation of storage policies and the progress of inventory removal.