The association stated that it will promote the "anti-involution" work in accordance with the principles of legalization and marketization, striving to get out of the vicious competition caused by involution as soon as possible. Please refer to the official information for all information and thank everyone for their support of the photovoltaic industry.
Although the Photovoltaic Industry Association did not explicitly mention the specific details of the clarification matters, during today's trading session, there were market rumors that the polysilicon industry would undergo capacity integration. Influenced by this news, polysilicon futures rebounded first, rising by more than 4% during the trading session.
In the A-share market, the photovoltaic index also bottomed out and rebounded in the morning. Fosun (603806) and Hewang Electric rose sharply by the daily limit in the afternoon. Silicon material enterprises GCL Technology, Daqo New Energy, Xinte Energy, and Tongwei Co., LTD. (600438) rose by 7.69%, 5.17%, 4.40%, and 3.45% respectively.
Market insiders pointed out that on July 28th, a symposium of responsible officials from the national industrial and information technology authorities was held in Beijing. The meeting emphasized the need to "strengthen the governance of key industries such as photovoltaic and use standard improvement to force the exit of backward production capacity." This statement echoes the initiative proposed at the China Photovoltaic Industry Association meeting on July 24th to "revise the energy consumption standards for polysilicon and promote the elimination of backward production capacity".
The analysis team of Hongye Futures (001236) believes: "As the core variety in this round of anti-internal competition, polysilicon has received a lot of policy news and market rumors, which has formed a strong market expectation." The latest statement from the Ministry of Industry and Information Technology confirms the determination of the industry to rectify, which provides support for prices.
Galaxy Futures analyzed that if the capacity integration meeting within the day yields relatively positive results, the long-term expectations for polysilicon will be directly reversed, and the futures price may strengthen again.