The domestic DMC market prices remain stable, with an average price of 10750 yuan/ton. The cost pressure continues to rise, exacerbating the loss situation of individual factories. Manufacturers have a strong mentality of raising prices, and market quotations and negotiation ranges remain stable. The current market differentiation is obvious: most individual factories rely on pre-sale orders to support and have worry free inventory; The main factories in Shandong are facing significant inventory accumulation risks due to insufficient sustainability of subsequent orders.
Raw material side: Metal silicon operates with strong oscillation.
On the supply side, some enterprises have optimistic pre-sale scheduling and narrow fluctuations in operating load.
On the demand side: downstream procurement has a cautious mentality, focusing on watching more and moving less.
On September 8th, Hengbang Co., Ltd. (002237. SZ) announced that it received an "Administrative Penalty Decision" issued by the Emergency Management Bureau of Muping District, Yantai City on September 5th, 2025, confirming that the burning accident that occurred on August 3rd, 2024 in the company's smelting company not only resulted in serious consequences such as 3 deaths and 14 injuries (including 2 serious injuries), as well as direct economic losses of 8.147 million yuan, but also had a bad situation of "concealment and false reporting".
Hengbang Corporation was fined 2.71 million yuan, and a group of executives including the company's then chairman and current president also received huge fines. Among them, the fine imposed on the current CEO Qu Shengli was as high as 3.0825 million yuan, even exceeding the fine imposed on the company.
On August 3, 2024 at 18:56, a scalding accident occurred in the smelting workshop of the first smelting company of the subsidiary, resulting in 3 deaths, 2 serious injuries, and 12 minor injuries, with a direct economic loss of 8.147 million yuan. After investigation, this accident was a major production safety responsibility accident caused by inadequate process control and risk identification, equipment operation with defects, and illegal disposal of water jacket leakage. There was concealment and false reporting, and the company and related parties are responsible for the occurrence of the accident.  
According to the relevant provisions of the Work Safety Law of the People's Republic of China, the Regulations on Reporting and Investigating Work Safety Accidents, the Regulations on Fines and Punishments for Work Safety Accidents, and the Shandong Province Administrative Penalty Discretionary Standards for Emergency Management, the Emergency Management Bureau of Muping District, Yantai City has decided to impose a fine of RMB 2710000 on the company; Fined the then chairman Zhang Fan RMB 496645.90; Fined President Qu Shengli RMB 3082458.10; Fined Executive Vice President Ji Xubo RMB 757368.83; Fine the Deputy Secretary of the Party Committee, Kong Tao, with RMB 369156.96; Fined Zhang Junfeng, Director of Technical Development, RMB 183654.03; Fine the Secretary of the Board of Directors, Xia Xiaobo, RMB 264558.87; Fined Executive Deputy Chief Engineer Dong Zhunqin RMB 158552.90; Fined Qin Liangqi, the assistant to the CEO, RMB 116283.15; Fined the Minister of Human Resources, Wang Wenhua, RMB 191022.38; Fined Hou Shaobin, the Minister of Safety Management, RMB 87661.99; Tang Yan, Deputy Minister of the Safety Management Department, was fined RMB 34505.42.