On September 2, 2025, domestic futures main contracts showed mixed performance. Polysilicon surged nearly 4%, container shipping Europe route climbed over 3%, low sulfur fuel oil and Shanghai silver gained over 2%, while fuel oil, SC crude oil, and industrial silicon advanced over 1%. On the declining side, lithium carbonate fell over 4%, ethylene glycol dropped over 2%, and pure benzene, styrene, and glass declined over 1%.

Polysilicon futures posted significant gains, primarily driven by a leading polysilicon company revealing that "details of the industry restructuring plan will be announced soon." Meanwhile, SMM data showed that mainstream quotes for polysilicon rods rose to 55,000 yuan per ton, up 6,000 yuan per ton from the previous trading day, mainly driven by expectations of "self-disciplined production cuts" in September (expected to involve production rate adjustments rather than capacity reduction). Market sentiment from the spot market transmitted to the futures market.

Overall, the short-term implementation of policies still requires verification. Attention should be paid to the previous policy expectation resistance level of 53,000 yuan per ton, with careful position management advised.