With 11 days to go until the Spring Festival, China’s domestic silicone market has maintained an overall stable trend. Midstream and downstream silicone enterprises have successively suspended production for the Spring Festival holiday, leading to a narrowing of the market purchasing window and gradually cooling trading sentiment; upstream enterprises, meanwhile, are mainly focused on fulfilling pre-sold orders placed earlier. An online meeting of actual controllers held yesterday reaffirmed that the 30% emission reduction requirement must be fully implemented. Enterprises failing to meet the target must actively step up emission reduction efforts in February, and the industry holds strong confidence in supporting prices. An offline meeting will be convened after the festival to further consolidate market stability and foster a price recovery trend. From the perspective of industry fundamentals, although downstream restocking sentiment remains muted, silicone monomer producers have generally maintained low-to-medium operating rates, leaving some low-inventory enterprises with certain concerns over subsequent raw material supplies. Coupled with the impending suspension of logistics services before the festival, some midstream and downstream enterprises are still following up on scattered rigid-demand purchase orders to ensure normal post-festival resumption of production and on-time order fulfillment.