Report Summary 1) Report Industry Investment Rating - No information provided in the content. 2) Report's Core View - The main contract price of polysilicon closed at the daily limit. The PS2509 closed at 49,105 yuan/ton, with a gain of 7.54%. The trading volume was 75.70 lots, and the open interest was 19.20 lots, with a net increase of 20,122 lots. Policy stimulus led to the upward movement of multiple commodities, and both polysilicon and industrial silicon closed at the daily limit. The futures price has exceeded the spot price range and the full - cost line of most plants. The fundamentals are not the main driving factor currently, and continuous policies will stimulate the bullish sentiment in the market to the extreme. The market is expected to remain bullish with increasing positions and trading volume, and one should not try to predict the top [4]. 3) Summary by Relevant Catalog a. Market Review and Outlook - Market Performance: The main contract price of polysilicon closed at the daily limit. The PS2509 closed at 49,105 yuan/ton, up 7.54%. The trading volume was 75.70 lots, and the open interest was 19.20 lots, with a net increase of 20,122 lots [4]. - Future Outlook: Policy stimulus caused multiple commodities to rise in resonance. Polysilicon and industrial silicon both closed at the daily limit. The futures price has exceeded the spot price range and the full - cost line of most plants. The fundamentals are not the main driving factor. Continuous policies will fully stimulate the bullish sentiment in the market to the extreme. The market is expected to remain bullish with increasing positions and trading volume, and one should not try to predict the top [4]. b. Market News - As of July 22, the number of polysilicon warehouse receipts was 2,780 lots, with no increase from the previous trading day [5].
建信期货多晶硅日报-20250723
Jian Xin Qi Huo·2025-07-23 01:40