[SMM Weekly Silicone Review: Rising Costs Lead to Higher DMC Quotations, While Procurement Demand Remains Sluggish] This week, DMC quotations from monomer enterprises in Shandong province stood at 10,800 yuan/mt, representing a WoW increase of 100 yuan/mt. DMC quotations from other monomer enterprises in China remained largely stable this week, with the mainstream transaction price center hovering around 10,800 yuan/mt. Low-price quotations in the domestic market rose slightly this week, while the matching degree of transactions declined. With downstream enterprises having sufficient raw material inventories for the time being and limited willingness to purchase, the market this week saw quotations rise but actual transaction prices remain unchanged for the time being. Downstream demand still awaits recovery during the "September-October peak season".

[SMM Weekly Review: Wafer Quotations Surge Significantly, While Battery Demand Weakens and Prices Come Under Pressure] This week, the price of N-type 183mm wafers ranged from 1.05 to 1.45 yuan/piece, 210R wafers were quoted at 1.2 to 1.65 yuan/piece, and 210mm wafers were priced at 1.4 to 1.93 yuan/piece. Wafer quotations saw a significant increase this week. A self-discipline meeting related to the wafer industry was held this week, and wafer enterprises began to quote prices based on full costs. Some top-tier enterprises significantly raised their quotations, while others adopted a cautious wait-and-see approach, resulting in a fragmented market quotation landscape. Currently, there have been no actual transactions at the high voluntary prices, and the market is observing downstream acceptance and price adjustments.

[How is the current situation of the silicon coal market amid the rising trend in both the silicon metal and coking coal markets?] Overall, the silicon coal market is largely stable. For downstream silicon plants, the cost of raw material silicon coal has remained unchanged recently. However, if the spot price of coking coal, the raw material, generally increases in the future, there is an expectation that the silicon coal price will follow suit.

[Daily Review of ADC12 Prices: Secondary Aluminum Prices Remain Stable with Short-Term Fluctuations Rangebound] On the spot market side, today's SMM A00 aluminum price was reported at 20,510 yuan/mt, up 40 yuan/mt from Monday; the SMM ADC12 price remained stable at 20,000 yuan/mt.

[Silicone 107 Rubber Market: Cost-Driven Price Increase Against the Trend] Since last week, the silicone 107 rubber market has experienced a price increase against the trend, primarily driven by the sharp jump in the price of DMC, a raw material.

[Daily Review of ADC12 Prices: Aluminum Prices Extend Decline, Secondary Aluminum Prices Generally Fall] On the spot market side, today's SMM A00 aluminum price fell sharply by 320 yuan/mt WoW to 20,470 yuan/mt, and the SMM ADC12 price dropped by 100 yuan/mt to 20,000 yuan/mt.

[Daily Review of ADC12 Prices: Aluminum Prices Adjust within a Narrow Range, Secondary Aluminum Prices Remain Stable and Observant] On the spot market, today's SMM A00 aluminum price fell by 30 yuan/mt from Thursday to 20,790 yuan/mt. The secondary aluminum market maintained stable quotes, with the SMM ADC12 price remaining unchanged at 20,100 yuan/mt.

[Operating rate of silicon enterprises in northern China largely stable, while that in Yunnan gradually increases during rainy season] According to market feedback, from June 27 to July 3, the weekly production of sampled silicon enterprises in Yunnan was 3,610 mt, with a weekly operating rate of 33%. There was an increase on a WoW basis. Silicon enterprises that started production and resumed production during the rainy season in July gradually released their production. At the beginning of July, the number of silicon furnaces that resumed production in Yunnan exceeded 20, and a small number of silicon furnaces had production resumption plans within the month. Recently, the operating rate of silicon metal in Yunnan has maintained an increasing trend, but it is still much lower than that of the same period last year.

[Market Sentiment Leans Positive, Spot Silicon Metal Prices Remain Firm]: This week, both spot and futures prices continued to hold up well. In the futures market, the main continuous contract for silicon metal reached a peak of 8,500 yuan/mt and a trough of 8,045 yuan/mt during the week, with the futures market's center of gravity moving up WoW. In the futures market, SMM's oxygen-blown #553 silicon in east China was priced at 8,700-8,800 yuan/mt, up 50 yuan/mt WoW, while #441 silicon was priced at 9,000-9,100 yuan/mt, up 150 yuan/mt WoW. The increase in spot prices was narrower compared to last week. The current round of spot price increases exceeded 600 yuan/mt. As silicon metal prices rose, downstream purchasing attitudes diverged, with some users appropriately restocking to increase their inventory days, while others focused on digesting their previous low-cost inventory and adopting a wait-and-see approach.

[SMM: Weekly social inventory of silicon metal declined slightly WoW] According to SMM statistics, the total social inventory of silicon metal in major regions reached 551,000 mt on July 10, decreasing by 1,000 mt WoW. Among this, the inventory in ordinary social warehouses was 124,000 mt, decreasing by 2,000 mt WoW, while the inventory in social delivery warehouses was 427,000 mt (including unregistered warrants and spot cargo), increasing by 1,000 mt WoW.