Last week, DMC prices remained stable. The price of silicon metal remains stable, methanol prices have risen, and the cost of self-produced chloromethane enterprises has increased. A single factory in Shandong has raised its quotation and restored it to the delivery price. Individual factories are still firm in their quotations, with partial closures. Downstream companies are adopting a wait-and-see attitude, and the mainstream DMC quotation is currently 13900-14300 yuan/ton. Last week, the prices of DMC raw materials remained stable, and the prices of 107 rubber, raw rubber, mixed rubber, and silicone oil also remained stable, mainly focused on digesting inventory. It is expected that the price of organic silicon products will remain stable with small fluctuations in the short term, and attention should be paid to the exhibition situation of doors, windows, and curtain walls. Last week, the Chinese gas-phase silica market operated smoothly, and there was no adjustment in enterprise quotations. The demand for upstream methyl trichlorosilane is weak, and the supply and demand of silicon tetrachloride are weak, causing market prices to fluctuate downward. Last week, many gas-phase silicon dioxide companies maintained stable production, with sufficient market supply and downstream inventory gradually depleted, leading to an increasing demand for gas-phase silicon dioxide; In the short term, the raw material market is experiencing a stalemate and consolidation, with limited impact on the market. Gas silicon enterprises are maintaining stable operations, while downstream operations are returning to normal. Although demand for gas silicon has increased, overall supply and demand remain relatively loose. It is expected that the gas silicon market will continue to operate steadily. Last week, the spot price of silicon metal remained stable. The performance is relatively flat, with few transactions and pessimistic market sentiment. Downstream purchases are mainly for essential needs, and buyers still have a willingness to lower prices. Sellers have a low willingness to lower prices, resulting in a stalemate game between the two parties and stable prices. On the supply side, the southern region has low production levels and small changes in output; Major factories in the northern region have resumed production as planned, coupled with the addition of new production capacity, resulting in an increase in output and overall production. On the demand side, the demand for silicon metal from organic silicon and polycrystalline silicon remains stable, while aluminum alloy factories continue to resume work and production after the holiday, resulting in an increase in output and a slight increase in demand for silicon metal. Overall demand is showing an increasing trend. Overall, there will be a situation of dual increase in supply and demand in the future, but the increase in supply will be greater than the increase in demand, coupled with high inventory on warehouse receipts, resulting in greater pressure on prices above, but supported by costs below. It is expected that prices will continue to operate steadily at low prices. Last week, the overall price of polycrystalline silicon remained stable. At present, the transaction volume of new orders is relatively low, and most of them are still under negotiation. Some companies have increased their external quotations, but the average transaction price remains stable. The transaction price between futures and spot traders remains at a high level, which is the main driving force behind the current rise in polysilicon prices. During the Two Sessions, the government work report mentioned breaking through the bottlenecks that restrict the economic cycle in terms of market access and exit, factor allocation, etc.