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Guotou Futures: The market data for polysilicon continues to rise, and expectations for supply contraction are heating up.
On July 24, news reported that the multi-crystalline silicon market data continued to rise, with expectations of supply contraction maintaining upward momentum. However, the average price of N-type re-investment materials remains at 46,000 yuan/ton, with no further adjustments for now; at the same time, the number of warehouse receipts has increased to 3,020 lots (equivalent to 9,060 tons). Despite the current strong trend continuing, market sentiment has shown divergence, with the market data above 50,000 yuan/ton presenting a premium status over the spot market, which may lead to a phase of rhythmic adjustment. Overall, the expected room for correction is limited, and caution regarding position risks is necessary in operational aspects.