According to incomplete statistics, by the end of January, 137 out of 221 industrial silicon submerged arc furnaces in Xinjiang were operating normally, representing a month-on-month reduction of 11 furnaces and a year-on-year increase of 18 furnaces. The operating rate stood at 61.99%, down by 4.98% month-on-month. PriceSeek's analysis of metallic silicon indicates a bullish-bearish score of 1. The article highlights that industrial silicon production in Xinjiang decreased by 11 submerged arc furnaces month-on-month, with the operating rate dropping by 4.98% to 61.99%, suggesting a short-term supply tightness that could drive up spot prices. Combined with industrial silicon futures data, recent main contracts such as 2605 (closing price 8,860 yuan/ton, down 50 yuan) indicate price pressure. However, the reduction in supply is expected to alleviate excess pressure, supporting a potential rebound in futures prices, which is overall favorable for the market.