The rapid surge in A-shares storage (the steepest slope) has completely retraced, with several well-known ones dropping back to the June consolidation range. The prices of the major storage giants are also at the late-June lows. When one prospers, all prosper; when one suffers, all suffer. Next up, only ChangXin is new. After its IPO, there will still be short-term sentiment premiums and significant short-term speculative liquidity. A bit more downward probing in the short term should lead to a technical rebound. If storage stabilizes, materials and equipment can stabilize too. Because if storage doesn’t hold steady, the market will trade on reduced expansion expectations, wiping out the previous high expansion premium, and then forming a new balance and expectation.