Morning Session: Domestic Futures Mostly Decline, Polysilicon and Coking Coal Drop Over 5%

Deep News12-08

During the early trading session on December 8, 2025, most domestic futures contracts opened lower. Polysilicon and coking coal led the losses, dropping over 5%, while coke futures fell more than 4%. Double-coated paper, ethylene glycol (EG), starch, corn, urea, industrial silicon, methanol, and PVC also declined over 1%. On the upside, Shanghai silver futures rose more than 2%.

A research report from Donghai Futures on December 8 indicated that polysilicon production in November fell to 120,400 tons, down 12.4% month-on-month due to seasonal water shortages and industry self-regulation. Output in December may continue to decline slightly. Last week, the main contract approached a rollover period, leading to price volatility amid high open interest and low warehouse receipts. Weak fundamentals persist, with sluggish downstream demand triggering price cuts across multiple sectors and reduced December production schedules. The Guangzhou Futures Exchange added two new delivery brands: Xinjiang Jingnuo and Dongfang Hope. (This content is for reference only and does not constitute investment advice.)

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