According to the financial news app "Zhiting Finance", Xinte Energy (01799) fell more than 5%. As of press time, it fell 5.23% to HKD 7.43 with a turnover of HKD 14.6031 million.

On the news front, according to the data from the Silicon Branch Association, the prices of N-type bar-like silicon and N-type granular silicon fell slightly last week. The trading price range of N-type bar-like silicon was between RMB 39,000-43,000/ton, with an average transaction price of RMB 40,100/ton, a decline of 1.72% compared to the previous period. The Silicon Branch Association pointed out that, for the time being, the price of silicon material has exceeded the cost line of all production enterprises and is gradually approaching the bottom price. The reasons include the significant reduction in silicon production, but the reduction in supply is still lower than expected.

In addition, according to SMM, the price of polycrystalline silicon has temporarily remained stable and the frequency of market transactions has decreased. It is expected that the production of polycrystalline silicon in China in July will continue to increase, mainly from the two major companies' increased production, which will bring a large pressure on inventory. With the decrease of trading frequency, the inventory of polycrystalline silicon is facing the pressure of increasing inventory again, and the number of inventories has rebounded slightly.