HK Stock Market Move | Xinte Energy (01799) falls over 8% again. The inventory of the polycrystalline silicon industry is at a high level. Institutions say that there is limited demand for silicon material procurement.

XINTE ENERGY (01799) fell more than 8% again, with a decrease of 6.83% at the time of publication, trading at 7.09 Hong Kong dollars, with a turnover of 198.35 million Hong Kong dollars. On the news front, TrendForce previously released a report stating that the inventory of the polysilicon industry is at a high level, with a total volume exceeding 510,000 tons and continuing to be in the accumulation phase. Soochow pointed out that for the short-term trend of silicon material prices, with the approaching Spring Festival and the sharp rise in silver prices leading to limited improvements in the production chain, the transmission to silicon material procurement demand is limited, and the overall possibility of silicon material prices being weak and stable is high.