On that day, the overall price of DMC in the domestic market remained stable, with an average price of 10700 yuan/ton in the Chinese market, unchanged from the previous trading day. Affected by the maintenance of new equipment and the decrease in load of major factories in Shandong, the operating rate of individual units has slightly declined, and industry inventory is relatively low, supporting production enterprises to maintain stable quotations. Downstream enterprises still focus on digesting existing inventory and have a weak willingness to continue purchasing, resulting in a weak atmosphere for new orders on the same day.
On the raw material side, the price of silicon metal has been lowered by 100 yuan/ton, and it is estimated to continue to fluctuate weakly.
Supply side: A factory in Zhejiang is undergoing maintenance, while the main factory in Shandong is reducing its load, resulting in a narrow decline in individual operating loads.
On the demand side, downstream digestion of early-stage inventory is the main focus, with low willingness for sustained stocking, and insufficient market confidence in the improvement of demand for Jinjiu.
On August 28th, Hesheng Silicon Industry released an announcement regarding the completion of the transfer of some of its shares by the controlling shareholder agreement: Hesheng Silicon Industry Co., Ltd. (hereinafter referred to as "the Company" or "Hesheng Silicon Industry") recently received a "Securities Transfer Registration Confirmation Letter" provided by the controlling shareholder Ningbo Hesheng Group Co., Ltd. (hereinafter referred to as "Hesheng Group") issued by China Securities Depository and Clearing Corporation Shanghai Branch, and learned that Hesheng Group has completed the transfer registration procedures for the transfer of 60000000 shares of unlimited tradable shares held by Hesheng Group to Xiao Xiugen through the agreement transfer method.