【Flash | Coherent’s PhotonLink Sets the Stage for a Commercial Indium Phosphide (InP) Ramp】

[SMM Silicone Weekly Review: Cost Support for Silicone Weakens, DMC Prices Edge Down] This week, overall silicone costs pulled back, and the industry's comprehensive production costs declined accordingly. As of October 22, the average price of #421 silicon metal for silicone use in east China stood at 9,750 yuan/mt, remaining largely stable; the mainstream transaction price of #421 silicon in east China averaged 9,550 yuan/mt, down 0.52% WoW, with silicon metal prices trending downward this week. Meanwhile, methanol market prices pulled back, dragging methyl chloride costs lower in tandem. This week, the average market price of methyl chloride was 3,450 yuan/mt, down 6.76% WoW.

South Korea imported 2,707.3 tonnes of roasted and other molybdenum concentrates in September 2026, down 25.9% YoY, SMM calculations based on customs data show. Roasted concentrate imports fell 28.8% to 1,740.0 tonnes, including 500.0 tonnes from Chile versus 1,410.7 tonnes a year earlier. Roasted concentrate exports rose 6.5% to 516.6 tonnes, mainly to Japan, India and Vietnam. Ferromolybdenum exports fell 29.2% to 1,121.1 tonnes, with shipments to China dropping from 580.0 to 70.5 tonnes. Imports of molybdenum oxides and hydroxides rose 311.0% MoM to 97.2 tonnes, although January–September volumes were down 39.2% YoY. National customs flows cannot measure Busan port throughput or warehouse spot stocks.

[SMM Weekly Review: PV Upstream Segments Hold Steady in Stalemate, Module Prices Continue to Slide] This week, solar cell market prices remained stable overall, with quotes across all sizes unchanged WoW. Supply stayed at low levels and inventory continued to draw down. The market maintained a balance between cost support and demand divergence, with the tug-of-war between upstream and downstream persisting. Prices are expected to remain stable in the short term. In terms of pricing, all sizes held steady. The 183 price range remained at 0.29-0.301 Yuan/W. The 210R price range held at 0.305-0.314 Yuan/W, still dominated by exports to ex-China markets. The export window is expected to extend into early November, with supply prioritized for export orders. Available domestic supply is limited, leaving no basis for price adjustments. The 210N price range held at 0.295-0.3 Yuan/W, stabilizing after last week's raise. Although wafer producers intend to hold prices firm, the recent continued decline in silver prices has offset cost-side support, limiting upward momentum for prices. At this stage, downstream buyers are restocking at a need-based pace, with actual order negotiations locked in a stable tug-of-war. In the short term, the upstream-downstream stalemate may persist until early November, and prices across all sizes are expected to remain stable or move sideways.