收评|国内期货主力合约涨少跌多 多晶硅涨超3%

Group 1 - The core viewpoint of the article indicates that the domestic futures market experienced a mixed performance on December 9, with most contracts declining while a few, such as polysilicon, saw gains of over 3% [4][7]. - Polysilicon futures prices have recently gone through two phases: the first phase involved a rapid decline due to pessimistic pricing expectations, followed by a rebound supported by policy interventions [5]. - The current market dynamics for polysilicon are characterized by a reduction in both supply and demand, with December production expected to remain stable month-on-month, while downstream enterprises are reducing production [5][8]. Group 2 - The article notes that the futures prices are not primarily driven by fundamentals, as the market has not yet entered a phase of active destocking [5]. - The current spot price for polysilicon is holding steady at around 53,200 yuan per ton, with futures prices expected to continue fluctuating within this range unless more definitive signals emerge [5][8]. - The trading environment is marked by a focus on price stability from the policy side, while the basic supply-demand dynamics provide limited upward momentum for prices [5].