Jinwu Financial News | Photovoltaic solar energy stocks were collectively pressured. Shunfeng Clean Energy (01165) fell 6.9%, Xinyi Glass (00868) fell 5.86%, Rainbow New Energy (00438) fell 3.79%, GCL Technology (03800) fell 2.86%, Follett Glass (06865) fell 2.34%, and GCL New Energy (00451) fell 2.27%.

BOC International said that due to continued supply growth, the price of polysilicon has dropped sharply since the end of March. According to Infolink, the price of a single ton of dense material/granular silicon fell from 6.8/610,000 yuan to the current 40/37,000 yuan (only 3.5/33,000 yuan excluding tax), falling below the cash costs of all companies other than GCL Technology, but as quality improved, the discount price of granular silicon was drastically reduced from 70,000 yuan to 30,000 yuan. Due to losses and inventory pressure, the country's production fell 4% month-on-month in May. The Silicon Industry Branch expects a sharp drop of 20% month-on-month in June, or is expected to begin storage. The bank expects that the current serious losses in the industry will be difficult to sustain. Polysilicon prices have bottomed out and will rise again in the 3rd quarter.