TOP BATTERY

During last Friday at the front, led by blue-chip index close to a beautiful long shot heavy volume under the shadow line, but that does not mean that investors’ confidence, the opposite, given the jump in the last week in the Investor confidence was significant blow earlier this week, the broader market fell again rapidly consecutiveVGP-BPS10A,VGP-BPS10A/B,VGP-BPS10B, six months range from mild drop, not only that, 3,000 points was a broken shock, the Shanghai index to two years. Although in 3000 near the face of several key technical support level, the index drops temporarily curb and began to stabilize and start to rebound, but the rebound is weak, the lack of intensity, volume does not reflect the joined results on the political side are placed in the event of stock index plunged to wear that investors’ confidence for the afternoon. Disk-to last week’s defensive performance in the banking section to see a week, suddenly dropped hostile, collective, originally known as A shares Dinghaishenzhen gave the performance of the bank stocks week, the market hope, but this week, mutation makes the already fragile investor psychology, such as poor, this also reminds us that the focus on the market, a dramatic decrease of circumstances, and no real capacity of the plate, only after the other and the size difference between the points. After weeks later was consolidated with the broader market, bringing active stocks in the degree of the case before the strong performance of shares is in the rebound as the leading role, even in color, hard disk, it is especially clear: low-carbon economy in this section weeks There are signs of strength, stabilized with the broader market, low-carbon economy of the disk activity level significantly improved, the total exceeded.

We believe that since the New Year’s policy of ultra-tight ahead of completely disrupted the rhythm of the market operation, originally from the middle of the year can expect policy must begin to tighten, so that the institute also expects that after next year reach this market, a significant increase in the position to provide record levels, all of which meet in the quarter of the performance market, prepared after that date to deal with the possibility of contraction. The political aspect, but makes before crunch, one quarter of the stock market it is difficult to launch an urgent adjustment of the quarter of the organizations strategy to focus the attention of the Annual Report of 2009 and 10 years, a quarterly management policies and activities. Looking back, followed by the top fantasy index at a high level of consolidation of the case, we believe that organizations likely to brighten in this essential, and it determines the index of the short term are difficult to bounce back. Stabilized later in the week, especially with several key technical support and unite can not support short against oppression, but a lack of confidence in the market circumstances, but technical factors, the index of effective rebound, so our short-term market development is still was still not very optimistic, technically low volatility, the wider market to Wei Po to be large, the probability of the event seems to be the next support level can be an effective line of the year and last year are in the vicinity of the gap at the beginning of October points to 2800 or thereabouts. But while the short-term trends that we are not optimistic about the wider market, but we want to repeat long-term trend in the broader market remains optimistic, we find the stated time and again under the supervision of the banking supervision, banks, credit unscrupulous behavior significantly reduced if the future behavior of bank lending is more rational, then the concern about inflation and thus increase the central bank interest rates, before the concerns can be alleviated, so that stocks are expected to digest the rationalization that, after the economic recovery surface and the performance of listed companies, improve the support for re-strengthening.

Strategically, we recommend investors to hold an appropriate caution, because of broader market weakness of recovery, according to previous experience in bottom-up space-constrained circumstances, the market can look back down on the floor of support. So if next week if you still have a large market share rally, investors can be reduced accordingly to share positions in resources to react possible decline in low margin calls and reduce operating costs. Ready for the radical, Bo investors rebound, we recommend attention to attitude, Kuaijinkuaichu concern that the recent trend of strong, stocks are sexually active, flexible, large inventories, so secure. And if the broad market as depressed as we expect, we recommend that investors can boldly approach to improve the position.

Section, we propose a new energy to suitable investors, based on lithium-ion battery industry. Declared last year, from late November, the Chinese government solemnly outside of 2020 carbon emissions per unit of GDP will be lower than the 2005 level of 40-50%, although in December the same year failed in the Danish capital Copenhagen Climate Summit a valid and binding, the agreement reached, however, due to global warming legislation to reduce emissions from the common pursuit of mankind’s future is being undermined efforts to reduce emissions that are not frustrated by this climate change conference. For the international obligations of the Chinese government always stands by his word, must comply fruit in 2010, the horn sounded in the era of the first year to give the low-carbon economy, new energy is a vital component of low-carbon economy can be expected over the next decade, the new energy in the explosive growth occurring in China, the industry’s economic structure in China will play an important strategic position. The new energy industry encompasses many areas, we recommend investors to focus on lithium battery industry. Lithium batteries are new materials, is an important basis for electric vehicle battery materials and new energy vehicles is the status of the strategic industrial and emerging economies, the government strongly supports the development of strategic industries to revitalize the State Council promulgated the “planning of the automotive industry to adjust, “2011 years, China will bevgp-bps13 , vgp-bps13/s , vgp-bps13a/b vgp-bps13b/b,VGP-BPS10 a new form of energy Qijuchanneng 500,000. New Energy Unit sales of approximately 5% of the total sales volume. “Planning” of the preparation of the experts predict that by the year 2012 hybrid cars in China reached 50 million vehicles to maintain pure electric vehicles will reach 10 million piece band. In 2020, hybrid cars in China reached 18 million, pure electric vehicles will reach 4 million to businesses. Therefore, we can imagine the future of new energy vehicles will be in what kind of spectacular growth, bringing the new energy automotive batteries take infinite space for development. The countries have begun to be introduced this year by supporting measures to develop new energy technology vehicles, such as the purchase of new vehicles will promote energy programs, development plans for new energy vehicles will be gradually released this year in addition to the national grid company’s Southern Power Grid also begun to new energy sources around the gas station implementation vehicle charging station building, according to experts, Smart Grid plans for new energy vehicle charging stations in the planning area. Therefore it is expected to be this year, new energy vehicles have a number of political dividends. From a disk perspective, Li-ion battery company’s share price in mid-January, a wave of major market Shenglang began, though the broader market was in time, these companies also appeared some decline in stock prices, but later in the week, the share once again active. Taking into account the shorter trading hours in February-March period of two low-carbon economy, the priority theme of the conference will stimulate strong, the stock rose and the associated measures are expected to be introduced so that those shares are several waves of the future master Sheng Long market, investors can pay due attention to intervene and to choose the right time ushers in the new master Shenglang courses.

The proposed polysilicon industry, excess heat from the industry

“We had no surplus has also said that bad, the letter and the Department of Engineering Science and Technology itself is contradictory.” Since 2006, a project to build business polysiliconVGP-BPS10A,VGP-BPS10A/B,VGP-BPS10B, said, and when it was put into operation a production line just to catch up with products polysilicon down cycle.

Before him was an investment in the rise of the thermal plant polysilicon, when prices are high, the mood of each is thick. “When the children fall in investment, technology, production lines or less some problems, not only purity and no, the waste will be made, no attention to environmental protection.” A spokesman for the industry, said the emotion.

Last year, the views expressed in multiple departments, the data show that the industrial production of silicon solar cells for the whole process of the integrated energy consumption of about 2.2 million kWh / MW. In 2008, the capacity of China’s production of polysilicon 2 million tons, production of 4000 tons or more under construction capacity of producing about 8 million tons, production capacity has been a sizeable surplus.

However, this conclusion has not been approved Science and Technology. Science and Technology said that in 2009, the industry should result in 17,000 tons of polycrystalline silicon photovoltaic cells to produce 3.5GW should consume 35,000 tons of polycrystalline silicon, after domestic production, but imports as 1 million tons.

Diametrically opposite conclusion led to many people in the trade talks, Suntech, and the group of companies led by executives at the Forum have also issued statements that the National Development and Reform Commission statistics because of the ability of planning, false, termination and completion of the reach of the middle class and other factors require a longer process, hence the illusion of excess polysilicon.

“Now, speaking as compared to the demand for polysilicon, the output is not sufficient. However, depending on capacity planning, and is now definitely be more than that. And the future market demand is also rising, so the long term, now says too much too soon. “New Energy Chamber of Commerce, the China Federation of Industry on the implementation of the Secretary-General Wang Hai on the” Securities Daily “told reporters.

Excess polysilicon will reduce business costs

In this regard, another analyst on condition of anonymity said that the surplus is possible and it was not even necessary.

“Excess polysilicon is possible, but VGP-BPL8 , VGP-BPL8A ,VGP-BPL9 to a dialectical view. In this industry, must be kept in excess polysilicon. If the polysilicon is not in surplus, the prices do not fall down, making it difficult to promote in the market. However, the price of photovoltaic electricity production more than one, if costs fell 5 cents, the request will be greatly increased. ”

He stressed that, despite technological innovation is to promote the most important factor in reducing costs, but the excess polysilicon has provided opportunities for downstream industries. “Solar energy downstream, it is a very good time, because now the supply of polysilicon prices are stable, and production continues.” Said the source.

Although prices have fallen to the bottom of the polysilicon, but the project was put on businesses have also become very heavy. “Solar energy is the development of the core business of the company.” At CSG, one person told journalists. They found an annual production of 1,500 tons of polysilicon Yibin articles from October 2009 to start commercial operations, but there is still some time away from full production. As to the place of production time, the source ,said: “activities abroad, usually a year and a half, with its technology and its ability to learn.”

However, analysts believe outside the production line of polysilicon is now a little bit caught in a dilemma of companies, the lower side of the market and existing inputs from the other side was reluctant to ask - depending on the cyclical nature of the industry, future revenues are still expected.

“The price of polysilicon has been around the world dropped to 40-45 dollars per ton, so even able to open a new production, it will not lead to massive price drop. Polysilicon are now entering the bottom a long period of consolidation, the price of 40-45 dollars range should continue for 1 year to 2 years. “analyst predicts.

The largest market in the U.S.

However, prices of polysilicon are stagnant, but in the entire solar industry, rise.

“In the future industry of solar energy will increase in vgp-bps13 , vgp-bps13/s , vgp-bps13a/b vgp-bps13b/b,VGP-BPS10a three years period, while 2010 will be the starting point for years. If the terms of the big cycle, the global solar industry has been basically 5.6 months in 2009, hit rock bottom. The current demand has continued to grow, while supply is basically stable. “said one analyst told reporters.

It is generally believed that this year, after the largest market is the United States. As a stimulus Barack Obama’s energy policy, sunlight is abundant solar energy in California has already established programs, Florida is also willing to invest two billion U.S. dollars to build the first truly advanced city in the world.

“And the next two years will be the largest increase in the United States. The United States, Japan and Italy will ensure that the needs of the growing photovoltaic industry worldwide.” One analyst said, but in China, a new force in the industry continued to be too low.