Even with all these bad news on the Chinese economy, the price of Bromine is now solidly anchored at 20,000 RMB/MT and the trend has been up for now over a month. This could be a sign that the smaller players that were discounting their prices are certainly less active or have seen their production going down making it easier for the larger ones like GURE to maintain or even slightly increase their prices. Over time those small players who have not been investing in improving their production capacity as they do not have the cash to do so, will see their capacity go down while GURE should be able to maintain it as they have done recently, they were even able to bring down their cost of raw materials because of more efficient production. They are still supposed to invest about $5m a quarter to continue this improvement but had suspended it last quarter due to the low Bromine demand and plenty of capacity. They should restart to invest soon, perhaps already in Q2. The cash flow impact should be null as they depreciate their plant and equipment already by around $5m a quarter. The net result should be a production capacity maintained over time but potentially if what we saw last year continues, lower material costs. This of course is without any new acquisition or development of Daying County which I believe for the latter is for the longer term.