Polysilicon rose more than 30% this month! "Anti-insulation" drives the continuous rebound of industrial product futures.

On July 1st, the Central Financial and Economic Affairs Commission held its sixth meeting to discuss deepening the construction of a unified national big market and other issues. The meeting emphasized the need to focus on key and difficult issues, govern low-price and disorderly competition among enterprises in accordance with the law and regulations, guide enterprises to improve product quality, and promote the orderly withdrawal of outdated production capacity. This meeting was interpreted by the market as an acceleration of the implementation of measures against internal competition. The photovoltaic industry responded quickly to this. On July 3rd, Li Lecheng, Secretary of the Party Group and Minister of the Ministry of Industry and Information Technology, presided over the 15th manufacturing enterprise symposium, focusing on accelerating the high-quality development of the photovoltaic industry, listening to the situation and suggestions from photovoltaic industry enterprises and associations. The meeting pointed out that the Ministry of Industry and Information Technology will further increase macro guidance and industry governance to support the high-quality development of the photovoltaic industry. Policy changes have led to a rapid reversal in market expectations. Since July, the industrial commodity futures market has been continuously rebounding, and the stock prices of related cyclical industries have also recovered significantly. The Wenhua Industrial Product Index rose by 4.18% this month, with coal, building materials, and steel sectors rising by 12.17%, 9.99%, and 8.61% respectively. Among different types of products, polysilicon futures led the gains, with the main contract rising by over 30% this month, followed by coking coal futures, glass futures, alumina futures, and iron ore futures, all of which saw gains of over 10% in July.