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Photovoltaic stocks rose and then fell, XINYI GLASS dropped nearly 5%, and the Photovoltaic Association refuted the rumor about the production cut 'essay'.
After a strong start in the morning, photovoltaic stocks fell back in the afternoon with the decline widening. As of the time of writing, XINYI GLASS (00868) is down 4.9%, priced at 6.98 HKD; FLAT GLASS (06865) is down 3.66%, priced at 7.9 HKD; XINYI SOLAR (00968) is down 2.53%, priced at 2.31 HKD; XINTE ENERGY (01799) is down 2.13%, priced at 4.59 HKD.
Express News | A meeting discussing "production restrictions to maintain prices" was held this week? A relevant person from the China Photovoltaic Industry Association: completely unaware of this matter.
Hong Kong stocks are fluctuating | Solar stocks rebounded in early trading. The Industry may face larger production cuts in the third quarter, and the market is paying attention to the profit recovery situation in the Industry Chain.
In the morning session, photovoltaic stocks rebounded. As of the announcement, TRIUMPH NEW EN (01108) rose by 16.81%, trading at 5.49 HKD; GCL TECH (03800) increased by 4.6%, trading at 0.91 HKD; FLAT GLASS (06865) rose by 2.8%, trading at 8.43 HKD; XINYI SOLAR (00968) increased by 3.38%, trading at 2.45 HKD.
Amidst the surplus, this photovoltaic "shovel seller" is still planning to IPO.
How much longer can it go wild?
Photovoltaic Power stocks fell broadly, GCL NEWENERGY (00451) dropped 6.74%, insiders say that the "production cut order" for photovoltaic will be upgraded in the third quarter.
Jingwu Finance | The Photovoltaic Power stocks experienced widespread declines, with GCL NEWENERGY (00451) down 6.74%, SFCE (01165) down 5.88%, XINYI GLASS (00868) down 4.81%, XINYI ENERGY (03868) down 4.72%, SFSY ENERGY (00750) down 3.85%, and XINYI SOLAR (00968) down 3.67%. According to a report from First Financial, sources familiar with the matter revealed that the theme of the conference held by the China Photovoltaic Industry Association this week was still about 'production limits to ensure prices.' Sources indicated that the photovoltaic sector will face more significant production cuts in the third quarter.
Solar stocks are all declining, prices along the Industry Chain continue to drop, and Institutions state that the elimination of obsolete capacity will take some time.
All photovoltaic stocks fell, as of the time of writing, XINYI ENERGY (03868) dropped by 3.77%, trading at 1.02 HKD; FLAT GLASS (06865) fell by 2.91%, trading at 8.01 HKD; XINYI SOLAR (00968) decreased by 2.86%, trading at 2.38 HKD.
