Flat Glass (06865) fell nearly 7%, as of press time, down 6.73%, at HKD 11.06, with a turnover of HKD 42.3364 million.
According to the informed sources of the Wisdom Wealth News APP, Flat Glass (06865) fell nearly 7%, as of press time, down 6.73%, at HKD 11.06, with a turnover of HKD 42.3364 million.
In terms of news, the silica industry branch pointed out that downstream startups are expected to maintain stability at a low level in the near future, and regular purchases are still the main way. Influenced by the market situation, enterprises currently prioritize signing contracts with enterprises with long-term strategic cooperative relations or share-holding relationships. There are few single transactions of silica material, and some sizes of silica wafers have seen a slight increase in price, but the supply-demand mismatch situation still exists in the short term, and it is expected that the price increase trend will be difficult to sustain, thus the support for silica material prices is relatively limited. In addition, the price of industrial silicon raw materials was slightly reduced again last week, but in the near future, major silica manufacturers are bidding for silicon powder, and the price is expected to remain around 0.013 million yuan/ton.
Regarding the situation of silicon material capacity reduction and maintenance, according to the industry consulting institution InfoLink analysis, the new supply of silicon materials in July fell by 13% - 15% compared with the previous month, which is strongly related to the TOP5 enterprises that began to increase their production reduction efforts, and there are varying degrees of production reduction or maintenance among secondary and tertiary enterprises including new entrants. Although the production reduction scale of some leading enterprises is not yet clear, due to their strong market influence and high production weight, they are indeed one of the important potential influences that cannot be ignored in the third quarter.