Current spot prices have already reflected expected costs and anticipated oversupply in advance and have been priced at extremely low levels. This means that most of the production capacity in the industry, mainly in inland areas, has reached its full cost line, and some production capacity has reached its cash cost line. The industry has not yet experienced huge losses. This is largely because the current price settlement across the industry is mainly based on the monthly average price quoted by institutions for spot prices, and spot prices are currently in a slow downward trend, giving companies a longer period of stable operation.
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