Entering Friday, today is the last working day of August, and we are about to enter the traditional peak season of September. However, under bearish expectations, upstream and downstream enterprises are slightly cautious, and their emotions are not as positive as in previous years. The market continues to fluctuate at a low level. Specifically, there are still some mid to downstream enterprises that follow up on orders as needed, but DMC transaction prices have basically fallen below the cost line, especially in the first half of the year when the net profits of most individual factories have declined overall. This not only reflects that the entire industry economy is in a "cold winter" state, but also indicates that the downward space for organic silicon prices is limited. Looking at September, with no significant increase in demand, downstream enterprises have maintained a wait-and-see attitude and will continue to make essential purchases in the short term. On the other hand, the decline in most individual factories over the past half month has caused them to return to a loss making situation. It is expected that they will stabilize and digest operations at the beginning of the month. The specific layout still needs to wait and see the actual demand situation, and the organic silicon market may continue to operate weakly. Cost aspect: On the supply side, as the dry season approaches in Sichuan, some silicon plants have voluntarily lowered their operating rates, resulting in a certain decrease in production. However, the operating levels in Xinjiang remain at a medium to high level, with limited fluctuations in overall supply levels. On the demand side, due to production and sales restrictions, the production of polysilicon may decrease, resulting in a decrease in demand for industrial silicon; In terms of organosilicon, some monomer factories also have reduced production layouts, which will also reduce the release of essential demand. Overall, both the supply and demand sides of industrial silicon have weakened, and the fundamentals remain weak. Yesterday, the closing price of the main futures contract Si2511 was 8570 yuan/ton, while the spot price of 421 # silicon metal further fell, with the current mainstream price ranging from 9500 to 10000 yuan/ton. In the future, the risk of industrial silicon inventory accumulation will drag down the fundamentals, and it is expected to continue weak fluctuations in the short term.