Changes in Hong Kong stocks | Xinte Energy (01799) rose more than 4% in the afternoon to check polysilicon production cuts after the market spread

The Zhitong Finance App learned that Xinte Energy (01799) rose more than 4% in the afternoon. As of press release, it rose 4.00% to HK$3.9, with a turnover of HK$5.94,500.

According to the news, according to Baichuan Yingfu, a number of silicon companies lowered their monthly production schedule plans in October in response to a call to cut production. The overall output of the industry dropped significantly, from 116,000 tons in September to 91,600 tons in October. The overall operating rate of the industry remained at 32%. Combined with the production schedule plans of various polysilicon companies, the reduction in production capacity outweighed the release, and the overall decline in output was obvious, and the supply side provided strong support for prices.

Cinda Futures previously released a research report saying that after the market holiday, the polysilicon industry will check the progress of implementing production cuts in various regions, and will not assess the energy consumption situation during the production reduction period. In September, the polysilicon industry generally showed a trend of increasing production. We are concerned about whether production will be reduced after the peak period after the October holiday season and due to industry mapping rumors.