Market Overview: The domestic DMC market presents a pattern of price stability and emotional differentiation. The average market price remained stable at 13200 yuan/ton, unchanged from the previous working day. Some individual factories are tentatively raising prices in an attempt to boost market confidence, taking advantage of industry conferences. Downstream buyers have responded cautiously, mainly focusing on digesting inventory, with actual transactions concentrated at low price ranges, resulting in inconsistent performance of new orders signed by individual factories. The high price strategy has not yet received effective transaction support. On the raw material side: Although the Ministry of Industry and Information Technology's symposium on new energy anti involution has boosted expectations for reducing industrial silicon production capacity, the overall supply at the spot level remains stable, with both shutdowns and resumption of work occurring in the southwest, northwest, and northwest regions. The current dominant force in the market still lies in the weak demand side, and it is expected that the main raw material metal silicon will maintain a weak oscillation in the short term. Supply side: Individual factories have a strong willingness to raise prices, and in December, they will jointly reduce production, which is about to be implemented. Demand side: Downstream wait-and-see sentiment weakens.