On November 7, the A-share market opened lower but rebounded in early trading, with the three major indices briefly turning positive. The combined turnover of the Shanghai and Shenzhen markets reached 1.27 trillion yuan in the morning session, down by 103.4 billion yuan from the previous day, while over 2,800 stocks declined.
The lithium battery sector saw a rapid rally, with Jiangsu Ruitai New Energy Materials Co.,Ltd. (301238) hitting the 20% limit-up. Other notable gainers included Shenzhen Capchem Technology Co., Ltd. rising about 14%, and Jiangsu Guotai International Group Co., Ltd., Do-Fluoride New Materials Co., Ltd., and Shida Shenghua Chemical Group Co., Ltd. all reaching the 10% limit-up. Yunnan Energy New Material Co., Ltd. and Shenzhen New Industries Biomedical Engineering Co., Ltd. also followed the upward trend.
The organic silicon sector experienced a collective surge, with Shandong Dongyue Silicone Material Co.,Ltd. (300821) hitting the 20% limit-up. Jiangsu Guotai International Group Co., Ltd., Hoshine Silicon Industry Co., Ltd., Chengdu Guibao Science & Technology Co., Ltd., Jiangsu Ruitai New Energy Materials Co.,Ltd., Guangzhou Tinci Materials Technology Co., Ltd., and Hubei Jianghan New Materials Co., Ltd. all rose over 6%.
In the phosphorus chemical sector, stocks like Shandong Shuanghuan Co., Ltd., Jiangsu Chengxing Phosph-Chemicals Co., Ltd., Guangdong Tianji New Energy Technology Co., Ltd., and Luhua Technology Co., Ltd. reached the limit-up. The PEEK materials concept also gained momentum, with Zhejiang Zhongxin Fluoride Materials Co., Ltd. hitting the limit-up and Shandong Kaisheng New Materials Co., Ltd. rising over 10%. Other stocks in the sector followed suit.
Market data shows that the price of lithium hexafluorophosphate (LiPF6) has continued to rise in November, with spot prices nearing 120,000 yuan per ton—up from 110,000 yuan on October 31. Wind data indicates that since the start of Q4, domestic LiPF6 prices have surged 76% month-on-month. Since rebounding from lows in early August, stocks like Guangzhou Tinci Materials Technology Co., Ltd., Do-Fluoride New Materials Co., Ltd., and Guangdong Tianji New Energy Technology Co., Ltd. have doubled, with Guangdong Tianji New Energy Technology Co., Ltd. surging over 300% year-to-date.
On the downside, robotics-related stocks declined, with Ningbo Licheng Bearing Co., Ltd. and Zhejiang Rongtai Technology Co., Ltd. posting significant losses. AI concept stocks faced heightened volatility amid growing skepticism over valuation bubbles. Computing hardware stocks, including CPO-related firms, also retreated, with Optowide Technologies Co., Ltd. dropping over 7% at one point. Other decliners included Foxconn Industrial Internet Co., Ltd., Shengyi Technology Co., Ltd., and Dongshan Precision Manufacturing Co., Ltd.
In Hong Kong, semiconductor stocks weakened, with Hua Hong Semiconductor Ltd. falling over 4% post-earnings, and Shanghai Fudan Microelectronics Group Company Limited, Semiconductor Manufacturing International Corporation, and Solomon Systech (International) Limited all declining over 2%.
According to Guojin Securities estimates, every 100,000 humanoid robots could drive demand for 195 tons of PEEK materials, potentially expanding China's PEEK market to 16.7 billion yuan by 2027, with a compound annual growth rate exceeding 13%.
Industrial Securities noted that the photovoltaic industry chain may undergo a value reshuffle. The "anti-internal competition" movement in Q3 pushed up silicon material prices, and reduced losses in the main photovoltaic chain have become an industry trend. The sector is expected to benefit from both sequential earnings improvements and substantial progress in anti-internal competition, though it remains at a cyclical bottom. Investors are advised to focus on supply-side reform expectations and structural opportunities brought by technological advancements.
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