Core Viewpoint - The introduction of a warehouse and factory delivery model for industrial silicon futures enhances delivery efficiency and reduces logistics costs, catering to the actual needs of downstream enterprises [1] Delivery Model - Warehouse delivery involves third-party warehouses completing the process, which includes storage, acceptance, registration of warehouse receipts, and delivery [1] - Factory delivery allows qualified industrial silicon producers to act as delivery warehouses, using their production capacity and credit as guarantees, thus minimizing transportation and packaging damage risks, especially suitable for direct dispatch needs [1] - The combination of warehouse and factory delivery methods improves delivery efficiency and lowers logistics costs [1] Flexibility in Delivery - The delivery methods for industrial silicon futures also include spot-to-futures, rolling delivery (batch pairing within the delivery month), and one-time delivery (concentrated delivery) to enhance flexibility and meet the actual needs of downstream enterprises [1] Delivery Regions - The delivery area is based in East China (e.g., Jiangsu, Shanghai), with non-benchmark areas including Guangdong, Tianjin, Yunnan, Xinjiang, and Sichuan, and regional premiums/discounts are set to reflect logistics costs and regional price differences (e.g., Yunnan discount of 500 yuan/ton, Xinjiang discount of 700 yuan/ton) [1]