Last week, DMC prices remained stable with a slight increase. The prices of silicon metal and methanol fluctuate narrowly, with little impact on the cost side. DMC spot supply is still tight, and the mentality of individual factories to raise prices still exists. However, downstream demand follow-up is insufficient, and prices lack sustained upward momentum. The current mainstream quotation for DMC is 11200-11500 yuan/ton, with an actual average transaction price of around 11250 yuan/ton.
Last week, the raw material DMC remained stable with an upward trend, while downstream 107 rubber, raw rubber, and mixed rubber showed weak growth. Silicone oil remained stable with local growth. The cost side continues to be under pressure, but the demand side lacks support. It is expected that the price of organic silicon products will show a pattern of large stability and small fluctuations in the short term.
Last week, the overall market for gas-phase silica showed a stable but upward trend. Due to the continuous rise in the price of raw material methyltrichlorosilane and the tightening of supply, production costs have increased, prompting some enterprises to gradually increase their product quotations.   
At present, the demand for gas-phase silica in the market is mainly supported by rigid demand. The downstream rubber mixing industry is running smoothly, with occasional restocking activities after the holiday, but the overall supply and demand pattern is expected to remain stable. It is expected that the gas-phase silica market will continue to operate steadily and positively in the short term.
Market Overview: Last week, the overall performance of silicon metal remained stable. On the supply side, Sichuan and Yunnan are gradually entering a dry season, and rising costs have led to some companies planning to reduce production, resulting in a decrease in operating rates in the southwest region; The raw material reserves of small factories in Gansu and Ningxia have been basically completed, waiting for market guidance to start construction. The construction in Xinjiang has also increased, and after offsetting the increase and decrease, the overall construction has increased. On the demand side, the production of polycrystalline silicon is steadily increasing, supporting the demand for metallic silicon; Organic silicon enterprises have increased maintenance and production has declined. Metallic silicon is still relatively weak overall. Overall, there has been no improvement in the fundamentals of silicon metal, maintaining a surplus pattern of strong supply and weak demand. It is expected to maintain a range consolidation in the short term. We need to continue to pay attention to macroeconomic sentiment fluctuations and supply side operating conditions in the future.
Market Overview: Polycrystalline silicon prices remained stable last week. The overall market transaction volume is light, with a slight decrease in the number of signed orders compared to the previous period, and the number of mainstream signed enterprises has decreased to 2-3. The stable price is mainly influenced by two factors: on the one hand, the operating rate of silicon wafer enterprises remains stable, and they still hold a considerable amount of polycrystalline silicon inventory, resulting in overall stable demand for regular procurement of silicon materials; On the other hand, due to maintenance or production reduction, some silicon material enterprises have a sales surplus close to the upper limit, so there have been few new signed orders recently, only a small number of guaranteed supply orders have been completed, and the delivery period has been extended to November. According to the production schedule of enterprises in October, the domestic polycrystalline silicon production is expected to be around 130000 tons, with a slight narrowing of the month on month growth rate. Demand is relatively stable during the same period, and the expectation of a small accumulation of inventory is still maintained in October.