Core Viewpoint - The industrial silicon futures market has shown a rebound, with prices increasing due to various market factors, although actual demand recovery remains slow [1][3]. Group 1: Market Performance - As of July 29, the industrial silicon main contract 2509 closed at 9350, up 215 from the opening price of 8915, reflecting a 2.35% increase [1]. - The total trading volume for the main contract was 654,844 lots, with an open interest of 276,734 lots, leading to a total open interest of 532,376 lots [1]. Group 2: Supply and Demand Dynamics - The market is experiencing a strong bullish sentiment, with active inquiries from buyers, but actual demand recovery is lagging, leading to a continued pressure on prices [3]. - Prices in various regions are reported as follows: 421 in Yunnan at around 10,000 CNY/ton, Guangzhou Port at approximately 10,100 CNY/ton, and 441 in Kunming also around 10,000 CNY/ton [3]. Group 3: Raw Material Market - The prices for raw materials such as polysilicon and organosilicon have remained stable, with no significant fluctuations noted [5]. Group 4: Future Outlook - The short-term outlook for industrial silicon prices is expected to remain stable, with limited potential for significant adjustments, although the supply-demand imbalance continues to exert pressure on the market [7].