On February 9, the domestic market for oxygenated 553# metallic silicon in the Huangpu Port area experienced a downward adjustment. The price range for oxygenated 553# metallic silicon in the Huangpu Port area was approximately 9,300–9,500 RMB per ton, reflecting a decrease of 50 RMB per ton. PriceSeek's analysis of metallic silicon assigned a long-short score of -1.5. The report indicated that the spot price of oxygenated 553# metallic silicon in the Huangpu Port area dropped by 50 RMB per ton, with the reference price falling to 9,300–9,500 RMB per ton. This suggests an oversupply in the market or weak demand, directly exerting downward pressure on spot prices. Combined with futures market data, recent contracts for industrial silicon (metallic silicon), such as 2605 (closing price of 8,500 RMB per ton, change of -205 RMB per ton) and 2603 (closing price of 8,450 RMB per ton, change of -220 RMB per ton), generally showed a downward trend. Changes in open interest indicated an increase in positions for some contracts, implying a continuation of bearish sentiment in the market. Considering both the decline in spot prices and the downward trend in futures, prices are expected to face short-term pressure. The score of -1.5 reflects a moderately bearish impact.