The positive factors have been fully priced in and failed to deliver! The support from the low water levels in Southwest China has lost its effect, and the industrial silicon market is trapped in range-bound trading.

On October 30, 2026, the average price of Changjiang Spot 441# silicon was 9900 yuan/ton, and the average price of 553# silicon was 9600 yuan/ton. The prices of the two mainstream brands were the same as the previous trading day. The futures market showed a weak performance. The main industrial silicon 2612 contract closed down 0.63%, still posting a cumulative slight increase of 0.52% this week.