The Zhitong Finance App learned that Xinte Energy (01799) fell by more than 4%. As of press release, it fell 4.11% to HK$10.72, with a turnover of HK$73.64 million.
According to the news, according to the Silicon Industry Branch, polysilicon market transactions are at an impasse this week, and prices have remained stable. The transaction price range for p-type compact materials was between 530-620,000 yuan/ton, while the average transaction price of n-type granular silicon decreased by 1.94% to 60,800 yuan/ton. The subscription model has changed from monthly to weekly. Some companies have poor production output in March, and inventory is gradually accumulating. The trading range of n-type silicon rod-shaped silicon last week was 68,000-730,000 yuan/ton. It is expected that the price of n-type silicon will continue to decline in the near future.
In addition, BOC International previously stated that, according to the Silicon Industry Branch, the average price per ton of dense materials fell from 80,000 yuan at the beginning of October to 58,000 yuan at the end of the year, exceeding the forecast. The bank expects the company's average price per ton to be 63,000 yuan including tax in the fourth quarter. The polysilicon business will lose slightly, but the overall profit will still be 40 million yuan due to profits in the power plant business. As polysilicon prices fell to historic lows at the end of the year, the bank expects there may be a risk of inventory and fixed asset impairment in the fourth quarter.