FRANKFURT (dpa-AFX) - DZ Bank cut its fair value for Wacker Chemie to 127 euros from 131 euros, but left its rating at "hold." Polysilicon prices are likely to remain under pressure in the short term as high overcapacities persist in China, analyst Peter Spengler wrote in a research note published Friday. He said demand for chemicals is expected to remain weak until the end of 2023 despite low inventory levels. From 2024, he said, he expects relief on the energy and raw material cost side./mf/gl

Publication of the original study: 20.07.2023 / 16:31 / CEST First transmission of the original study: 21.07.2023 / 08:17 / CEST

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