多晶硅期货本月暴涨超30%！"反内卷"政策预期引爆工业品期货强势反弹

Group 1 - The industrial commodity futures market has shown a strong rebound, with polysilicon futures leading the surge, rising over 30% this month [1][3] - The "anti-involution" policy expectations have become a significant driving force behind the recent price increases in the industrial commodity sector [1][3] - The Wenhua Industrial Products Index has increased by 4.18% this month, with coal, building materials, and steel sectors rising by 12.17%, 9.99%, and 8.61% respectively [3] Group 2 - The recent price increases in industrial products are largely attributed to market expectations of supply-side structural reforms [4] - Key indicators for identifying the degree of "involution" include high inventory, high capital expenditure, low capacity utilization, and low price levels [4] - The Ministry of Industry and Information Technology announced plans for a new round of growth stabilization work for ten key industries, including steel and non-ferrous metals, which will provide clear guidance for structural adjustments [4] Group 3 - The polysilicon spot market has shown positive changes, with the average transaction price for n-type recycled material rising to 41,700 yuan per ton, a week-on-week increase of 12.4% [4] - Despite price increases, the fundamental support remains weak, and the supply-demand relationship has not yet achieved substantial improvement [4]