On August 6, GCL TECH declined 5.04% in regular trading, trading at HKD 0.665, with turnover of HKD 64.71 million. The stock is pulling back after surging over 11% on August 3, when polysilicon futures hit limit up and regulatory authorities launched price compliance guidance for the PV industry targeting destructive price competition.
Despite near-term policy tailwinds, industry experts noted that the PV sector's supply-demand pattern has not achieved a fundamental reversal, which may constrain the pace of price recovery. The entire PV industry chain remains in a loss-making state, with upstream operating pressure particularly acute. While orderly exit of high-energy-consumption outdated capacity is expected, polysilicon prices are only forecast to recover toward cost levels by Q4. Within the broader sector, XINYI SOLAR fell 3.56% and FLAT GLASS declined 3.34%, reflecting broad PV sector weakness.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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