[SMM Silicon-based Photovoltaic Morning Meeting Summary] Metallurgical Grade Silicon (MGSi): This week, the spot prices of MGSi have remained basically stable. Yesterday, the price of 553# MGSi with oxygen blowing in East China ranged from RMB 11,700 to 11,900 per ton, 421# MGSi for organosilicon applications ranged from RMB 12,600 to 12,800 per ton, and 3303# MGSi ranged from RMB 12,600 to 12,800 per ton. On the supply side, silicon enterprises offered firm prices, making it difficult to purchase low-priced products. Downstream users' willingness to purchase at high prices was low, traders' margins were slim, and MGSi prices remained stagnant. Polysilicon: Yesterday, the mainstream price of N-type polysilicon ranged from RMB 40 to 44 per kg, while the mainstream price of dense polysilicon ranged from RMB 35 to 38 per kg. The polysilicon market prices remained stable for the time being, and the period of centralized contract signing has not yet arrived. However, the bearish sentiment in the market is gradually increasing.