Industry Investment Rating - No information provided on the industry investment rating. Core Viewpoint - The supply side of industrial silicon is seeing continuous production increases as large northwest manufacturers resume production, while on the demand side, polysilicon production in October has increased more than expected due to capacity resumption in Qinghai and new capacity ramping up in other regions, and the production schedule for organic silicon in October is basically stable. Overall, the fundamentals of industrial silicon show a dual increase in supply and demand, and silicon prices may fluctuate. [1] Summary by Relevant Catalog Futures Market - For different contracts (SI2510 - SI2602), the closing prices range from 8490 - 8905, with price declines of -1.87% - -2.36%. The持仓量 varies from 21310 - 162674. [1] Spot Market - In the spot market, different grades of industrial silicon have different prices in various regions. For example, in the East China region, the price of 553 (non - oxygenated) is 9300, 553 (hydrogen - passed) is 9400, 421 is 9700, etc. [1] Price Difference - The price difference between different contracts and different grades of silicon shows various changes. For example, si2510 - si2511 is -30 with a change of -55, and the price difference between 421 spot and 553 oxygen - passed spot is 300 with a change of 50. [1] Warehouse and Warehouse Receipt - There are multiple warehouses and sub - warehouses, with different storage capacities (ranging from 0.15 - 2 million tons), different premium and discount standards (from -800 - 0), and different changes in warehouse receipts. For example, the warehouse receipt of Jianfa Tianjin Binhai decreased by 41, while that of Jianfeng Supply Chain increased by 96. [1] Industry News - The environmental impact assessment public participation first - time information announcement of the 90,000 - ton organic silicon product project of Jiangxi Fuxin Organic Silicon Technology Co., Ltd. was released on the Jiujiang government website. [1]