Xinte Energy Shares Surge Over 8% in Morning Session as April Polysilicon Output May Fall Short of Forecast

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Yesterday

Xinte Energy (01799) rose more than 8% during morning trading. At the time of writing, the stock was up 7.12% to HK$5.72, with a turnover of HK$10.12 million. On the news front, according to a report from Shanghai Nonferrous Metals, some domestic polysilicon producers have postponed restarts or increased maintenance in April, potentially leading to output falling below previous expectations. Domestic production for April is estimated at less than 90,000 tons. While market orders increased earlier, supply remains at a certain base level, and polysilicon continues to face inventory accumulation pressure relative to supply. Notably, the General Offices of the Communist Party of China Central Committee and the State Council recently issued guidelines to deepen reforms of industry associations and chambers of commerce, explicitly calling for stricter management of enterprises established by such associations. It was reported that in January, China's State Administration for Market Regulation required the China Photovoltaic Industry Association and certain companies that were summoned to refrain from agreeing on capacity, capacity utilization, production/sales volumes, or selling prices; from dividing markets, allocating output, or sharing profits in any form based on equity stakes; and from communicating or coordinating on information such as prices, costs, or production/sales volumes, either currently or in the future.

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