Market Overview: Domestic DMC prices continue to decline, with an average market price of 12000 yuan/ton, a decrease of 250 yuan/ton from the previous working day. The May Day holiday is approaching, and there is significant pressure for individual factories to reduce inventory. Therefore, we will continue our strategy of offering discounts and promotions. The downstream mentality of "buying up instead of buying down", combined with the impact of low-priced competition in their own product market, has led to a continuous downward shift in psychological expectations of prices. Purchasing strategies tend to be cautious and wait-and-see, and the atmosphere for new orders is average. On the raw material side, the price of silicon metal continues to decline, with a reduction of 100 yuan/ton today. Supply side: The high inventory of individual factories is under pressure, and there is a strong willingness to reduce inventory. On the demand side: downstream price pressure sentiment is heavy, and psychological expectations for prices continue to decline.