Galaxy Futures: Short-term trading based on technical charts, watch out for polysilicon correction risks, long-term bias is bullish

Currently, the total inventory of the polysilicon industry is close to 500k tons, with factory inventories approaching 330k tons, and there are no expectations of demand improvement, so near-term spot price pressure still exists. In the long cycle, the polysilicon industry may also see policy benefits such as energy consumption control and environmental protection restrictions, which are optimistic for ultra-long-term price trends. In the short term, with the market price rising above 45,000 yuan/ton, industry advanced capacity can already break even, and from a valuation perspective, the current price carries sentiment and policy premiums. Considering the near-term spot pressure and policy-driven quiet period, prices may retest and form a second bottom. Overall, sentiment is high at present, and based on technical chart trading, attention should be paid to mid-term pullback risks. If a second bottom forms and stabilizes, it can still be bought on dips. ( Galaxy Futures )