JA SOLAR(SZ:002459) Xin Hua Cai Jing·2025-11-12 12:03Core Viewpoint - The photovoltaic industry is experiencing market disturbances due to rumors regarding a "polysilicon storage platform," leading to significant declines in stock prices and futures contracts [1][2]. Group 1: Market Reactions - Over 40 A-share listed companies in the photovoltaic sector, including Longi Green Energy, JA Solar, and Tongwei Co., saw stock prices drop by over 5% [1]. - The polysilicon futures contract experienced a drop of 3.9% before recovering to a gain of 0.43%, with an intraday volatility of 4.62% [1]. - Following the industry association's statement refuting the rumors, the main polysilicon futures contract rebounded and turned positive [2]. Group 2: Industry Statements - JA Solar denied the authenticity of the statements attributed to its executives regarding the storage platform, labeling them as rumors and expressing support for the platform's establishment [1]. - The Executive Secretary of the China Photovoltaic Industry Association emphasized the industry's coordinated efforts to promote the orderly exit of outdated production capacity, supported by central government guidance [1]. - The association released a statement urging caution against false information and reaffirming its commitment to protecting national and industry interests [1]. Group 3: Market Conditions - The photovoltaic sector has seen a continuous rise in stock prices this year, with polysilicon futures experiencing significant increases since late June, followed by a period of high-level consolidation [3]. - Market sentiment is becoming desensitized to the storage platform news, with ongoing weak demand and high inventory risks putting pressure on polysilicon prices [3]. - The industry is increasingly sensitive to both fundamental and news-driven market dynamics, making it more susceptible to disturbances from rumors [3].