Xinte Energy (01799) is now down more than 4%. As of press release, it is down 4.21% to HK$8.64, with a turnover of HK$17.79,800.
The Zhitong Finance App learned that Xinte Energy (01,799) has now fallen by more than 4%. As of press release, it is down 4.21% to HK$8.64, with a turnover of HK$17.479,800.
According to the news, the latest data disclosed by the Silicon Industry Branch of the China Nonferrous Metals Industry Association shows that silicon prices fell sharply across the board this week, and the mainstream price range fell below 50,000 yuan/ton. Specifically, the transaction price range for N-type silicon rod-shaped silicon was 50,000 yuan to 54,000 yuan/ton, and the average transaction price was 52,500 yuan/ton, down 10.41% from the previous month. The transaction price range for P-type dense materials was 43,000 yuan to 49,000 yuan/ton, and the average transaction price was 45,900 yuan/ton, down 5.75% from the previous month.
The Silicon Industry Branch believes that the current decline in silicon prices is still falling short of downstream expectations. Combined with the continuous decline in downstream construction, product and raw material inventories are high. It is inferred that silicon wafer companies are less likely to launch centralized procurement again, and demand for silicon materials will be difficult to recover in the short term. At the same time, from the perspective of production costs, silicon material companies have switched their silicon powder procurement strategy from January 1 to more frequent weekly procurement. Currently, the purchase price of 99 silicon powder is around 13,000 yuan/ton, which has basically reached the limit price, making it difficult to continue to reduce the cost of silicon. The Silicon Industry Branch believes that silicon companies will maintain high inventory operations for some time to come, and prices are unlikely to be repaired before large-scale production stops.