Galaxy Futures: On September 11, polysilicon enterprises once again held a production reduction meeting, and market rumors suggest that polysilicon output will be controlled within 1.05 million tons over the next year.

The main polysilicon contract surged in a straight line during the morning session, then pulled back somewhat in the afternoon, with the intraday gain narrowing to 3%. Galaxy Futures analysis pointed out that from a practical standpoint, downstream enterprises' inventory days of use basically exceed 30 days, with 2-3 downstream enterprises at lower inventory levels. There may be a small amount of procurement demand at the end of this month, and it is difficult to see actual high-priced spot transactions for polysilicon in the short term. On September 11, polysilicon enterprises once again held a production reduction meeting. Market rumors suggest that polysilicon output will be controlled within 1.05 million tons over the next year, but before actual production reduction actions by manufacturers are seen, this plan may not necessarily be priced into the futures level. Currently, "selling no lower than cost" remains the consensus among manufacturers, with manufacturer quotes at 40-43 yuan/kg. As the anti-involution expectations across the entire industry gradually strengthen, near-month contracts may also gradually repair their discounts, with a short-term price range reference of 36,000-39,000.