Will the market price of polyester products continue to fall? We don't believe it will be so pessimistic. In 2023, end-user demand and operating conditions are actually improving year-on-year, and prices throughout the polyester industry chain are at a relatively low historical level. The probability of a significant continued squeeze is not very high. We can compare the inventory and operating rate of some products graphically. In actual comparison, there is a significant recovery in year-on-year and month-on-month operating conditions for processing links such as weaving, twisting, grey fabric, printing and dyeing.