[Some Enterprises Start Maintenance, Zinc Oxide Operating Rate Declines] End-use demand, currently no obvious highlights in the end-use demand for zinc oxide, and overall demand for electronic-grade zinc oxide orders is relatively stable; however, orders for rubber-grade and feed-grade zinc oxide are affected by rising raw material prices for end-use products and mediocre market demand, resulting in mediocre market demand...

[SMM Silicone Weekly Review: DMC Transaction Center Rebounds Slightly, While Midstream and Downstream Purchases Follow with Small Orders Pushing for Lower Prices] After last week's industry meeting, the downward trend of the silicone market, which was overtly stable but covertly declining, was basically halted. However, overall demand still lacked support, with transactions seeing only a slight recovery, and high-priced goods were difficult to sell.

[SMM Silicon-Based PV Morning Meeting Minutes] Polysilicon: Quoted prices for N-type recharging polysilicon are 32.7-35 yuan/kg. Polysilicon prices are overall relatively weak, market transactions are weak, the earlier order signing has concluded, and the current focus is mainly on shipments while awaiting further policy developments. Wafers: Market prices for 18X wafers are 0.88-0.9 yuan/piece, 210RN wafers are 0.98-1.00 yuan/piece, and 210N wafers are 1.18-1.2 yuan/piece. Currently, the three top-tier players are all holding prices, with overall transactions more optimistic than expectations, but recently facing pressure from both the cell and polysilicon ends.

[Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline] This week, the operating rate of zinc oxide enterprises recorded 57.11%, down 0.34 percentage points WoW. On the inventory side, due to weakening end-use demand in some segments, some enterprises' finished products experienced inventory buildup...

[SMM Silicone Weekly Review: DMC Transaction Center Continued to Edge Down, Bearish Expectations Persisted in Silicone Market] The transaction center of China's silicone DMC market continued to move lower this week, with the current main transaction range at 14,200-14,500 yuan/mt, an average price of 14,350 yuan/mt, down approximately 200 yuan/mt WoW.

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: N-type recharging polysilicon was quoted at 33-35.7 yuan/kg. Polysilicon prices remained generally weak, with sluggish market transactions. Previous order signing had concluded, and the current focus was primarily on shipments, with market participants watching for subsequent policy developments. Wafer: Market prices for 18X wafers were 0.88-0.9 yuan/piece, 210RN wafers were priced at 0.98-1.00 yuan/piece, and 210N wafers were priced at 1.18-1.2 yuan/piece. Top-tier players continued to hold prices, and improving quality to justify price increases had become the most pressing task in the wafer segment.