每日期货全景复盘1.8：多晶硅价格大幅回调，焦煤日内波动加剧！

Market Overview - The market sentiment is weak, with significant declines in polysilicon prices, which fell by 9% to reach a limit down [2][10] - Coal prices are rising, while shipping rates have dropped by nearly 9% [2][10] Polysilicon Market - The main polysilicon futures contract hit a limit down, closing at 53,610 yuan, marking a nearly one-month low [10][25] - Regulatory changes emphasize a market-driven approach to capacity reduction, shifting expectations from organizational coordination to technological iteration and market competition [4][10] - Weak demand and high inventory levels are limiting high-price transactions, leading to a significant price correction [10][25] Coal Market - The main coking coal futures contract is experiencing increased volatility, closing at 1,190 yuan per ton, still at a one-month high [11][26] - Recent price increases are attributed to market sentiment and funding rather than fundamental changes, with macroeconomic conditions improving [11][26] - Supply-side rumors and reduced coal imports from Mongolia are supporting coal prices, although the market remains cautious about future price increases [12][27] Shipping Market - The main European shipping contract (EC2602) fell by 8.98%, reflecting a lack of pricing power from shipping companies [12][28] - The market is facing pessimistic sentiment due to weak demand and insufficient price increases, with expectations of continued operational control by shipping companies [12][28] - Seasonal pricing strategies may lead to further price reductions as companies seek to maintain vessel utilization rates ahead of the Chinese New Year [12][28]