Yesterday, the polysilicon futures contract sealed the rise and fall in the afternoon, and the main contract closed at 35,890 yuan/ton. According to the news, according to a report by the Financial Federation, on July 31, the General Administration of Market Regulation launched price compliance guidance for the photovoltaic industry in Yancheng City, Jiangsu Province, to promote the transformation of photovoltaic companies from “price competition” to “quality competition,” and emphasized that photovoltaic companies should take the initiative to strengthen cost accounting management, establish and improve price compliance systems, and resist vicious low price competition. Driven by this, the photovoltaic sector of the equity market is also strengthening today. Among them, Tongwei shares rose and stopped, and futures were linked to the rise and stop in the afternoon. From an industry perspective, according to the official account of Shanghai Nonferrous Metals Network, after the meeting on Friday, most polysilicon factories began implementing the “seal and stop quoting” measures over the weekend, and paid more attention to further meetings this Wednesday. Under these circumstances, the market's previous pessimism has begun to be corrected. In particular, after the publication of the Association's “General Cost Accounting Model Rules for the Photovoltaic Industry”, the market also paid more attention to its subsequent implementation. However, from a fundamental perspective, the polysilicon industry is still in a relatively high inventory pattern, demand for terminals has not improved significantly, and downstream prices are still falling, which suppresses the upper space on the market. Overall, after the market closed up and down, market bullish sentiment dominated, market performance was strong, and fluctuations increased markedly. In the future, it is recommended to pay attention to the progress of relevant meetings, implementation of policies, and registration of futures warehouse receipts.

Yesterday, the polysilicon futures contract sealed the rise and fall in the afternoon, and the main contract closed at 35,890 yuan/ton. According to the news, according to a report by the Financial Federation, on July 31, the General Administration of Market Regulation launched price compliance guidance for the photovoltaic industry in Yancheng City, Jiangsu Province, to promote the transformation of photovoltaic companies from “price competition” to “quality competition,” and emphasized that photovoltaic companies should take the initiative to strengthen cost accounting management, establish and improve price compliance systems, and resist vicious low price competition. Driven by this, the photovoltaic sector of the equity market is also strengthening today. Among them, Tongwei shares rose and stopped, and futures were linked to the rise and stop in the afternoon. From an industry perspective, according to the official account of Shanghai Nonferrous Metals Network, after the meeting on Friday, most polysilicon factories began implementing the “seal and stop quoting” measures over the weekend, and paid more attention to further meetings this Wednesday. Under these circumstances, the market's previous pessimism has begun to be corrected. In particular, after the publication of the Association's “General Cost Accounting Model Rules for the Photovoltaic Industry”, the market also paid more attention to its subsequent implementation. However, from a fundamental perspective, the polysilicon industry is still in a relatively high inventory pattern, demand for terminals has not improved significantly, and downstream prices are still falling, which suppresses the upper space on the market. Overall, after the market closed up and down, market bullish sentiment dominated, market performance was strong, and fluctuations increased markedly. In the future, it is recommended to pay attention to the progress of relevant meetings, implementation of policies, and registration of futures warehouse receipts.