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The cooperation between photovoltaic glass enterprises to reduce production has attracted attention. Industry insiders believe that the short-term impact is limited and there is significant mismatch between supply and demand in the industry.
① The glass industry is currently in a phase of full industry loss of cost, and it continues to approach the cash cost line of full industry loss; ② Insiders in the industry have mentioned that a 30% reduction in photovoltaic glass capacity still meets the demand for module production, and the strong negotiation power of module manufacturers limits the production cost of photovoltaic modules; ③ The adjustment of leading photovoltaic glass companies is a good demonstration for leading photovoltaic companies.
Under the low supply, downstream prices have been raised, and silicon prices have risen across the board this week, but the upward trend may be difficult to sustain.
1. Although silicon material products have shown signs of recovery, their production has reached a new low in this stage, and the overall volume of contracts this week is relatively average. 2. Currently, polysilicon companies have a relatively consistent expectation of price increases, leading to a general increase in quotes for downstream and spot market. However, the trading volume this week is limited, resulting in only a slight increase in the market average price. 3. Several analysts have indicated that the increase in silicon material prices is limited and difficult to sustain, and prices will hover at the bottom in the future.
Head insurance asset management profit remained stable with slight increase in the first half of the year, but the industry is generally concerned about increased pressure in the second half of the year. "Stocks and bonds both face challenges."
① According to multiple insiders in the insurance asset management industry, the investment performance of various institutions in the bond market improved in the first half of the year. However, the subsequent challenges of the stock and bond markets will test the investment capabilities of these institutions. ② Some industry experts pointed out that currently, it is difficult to invest in non-standard (products). The latest data shows that the business of innovative products in insurance asset management contracted in the first half of the year, and the issuance of non-standard bond rights is still in a downward trend.
China Photovoltaic Industry Association organized a "Photovoltaic Power Station Construction Bidding Price Mechanism Seminar".
① The meeting proposed to jointly optimize the bidding mechanism for the construction of photovoltaic power stations by upstream and downstream companies. ② After discussion, the meeting unanimously believed that the current industry-wide loss situation is not conducive to the sustainable and healthy development of the photovoltaic industry, and unreasonably low prices are also detrimental to downstream power plant owners in ensuring product quality and delivery.
The hottest insurance stock in the Hong Kong stock market has soared 70% this year! The sector is regaining momentum, could it shake off the bearish reputation?
So far this year, in the relatively flat market in Hong Kong, insurance stocks can be said to have "stood out". In terms of annual growth rate, China reinsurance rose by over 70%, China Taiping rose by over 50%, picc group and China pacific insurance also rose by over 30%.
Director vacancy, PICC President Zhao Peng leads executives to attend the earnings conference, responding to hot topics such as slower premium growth, autonomous driving, and disaster claims.
① This year, the group's premium growth rate in the first half of the year slowed down compared to the same period last year, which was the result of actively adjusting and optimizing the business structure in response to the overall industry growth rate decline; ② For autonomous driving, PICC has many innovative products and clauses in reserve, with a focus on the determination of responsibility between humans and machines and the definition of related liability scope. So far, the gross loss caused by major disasters is 9 billion, and the company is studying the issuance of diversified risk diversification products through the capital markets.