上游提价遭抵制

Price Trends - The market has experienced a significant downturn, with major commodities like glass, coking coal, polysilicon, silicon iron, and pure soda dropping over 6%[1] - Coking coal and polysilicon have seen price increases of 15.8% and 10.9% respectively since July 18, but these gains have narrowed significantly[2] - Iron ore has even turned negative, with a decrease of 0.4% since July 1[2] Market Sentiment - The recent decline in market sentiment is attributed to changes in macro policy statements, particularly regarding the regulation of low-price competition[1] - The National Development and Reform Commission emphasized a market-oriented approach rather than administrative commands to control prices, indicating a potential pause in recent price hikes[1] Industry Dynamics - Major steel companies in China have announced a halt in molybdenum iron purchases to resist irrational price increases, highlighting intensified competition within the industry[1] - The overall market may be entering a phase of reduced volatility as it awaits fundamental changes before resuming upward trends[3] Futures Market - Many commodities have shifted from a premium to a discount in the futures market, with prices for glass, coking coal, industrial silicon, rebar, and lithium carbonate currently below spot prices by 10.2%, 9.9%, 8.2%, 7.1%, and 5.2% respectively[2] - The futures market reflects a cautious outlook on short-term price increases, with coking coal and polysilicon's futures premiums narrowing to 14.0% and 5.4%[2]