If the cost of the final product is still used in the local, then it’s no competitive edge. The only chance is traceability the products can go to Europe, go to the U.S. than meeting some. Today, if you look at the PV link, I think last week, I think, Wacker, I think international polysilicon $27 to, I think, $35 whatever. And China right now is around like $10 to $11. So the difference is there. I think that will continue to exist the reason because the — I just mentioned that outside of China, silicon only 80,000 tons. There’s no way within 2 years can increase. We also didn’t see any existing player, for example, OCI, Wacker, Hemlock, their expansion. So we also didn’t see any Chinese producer is going to — planning to set plants outside of China.
At least right now, we didn’t see any news. Daqo is a little different because we right now, I think, a list in U.S. then also listing Asia. So for a U.S. company, we cannot compete business with, I think, Asia company. So the silicon we only can do the Asia. So that’s we’ll be careful. I think with the new Chairman and CEO, I think Mr. Xu, I think he has the future planning. I think yes, we are looking at a study anytime if possible.
Philip Shen: Okay. That’s really very good color. One last question for me. We recently wrote that LONGi’s the tained product in the U.S. using Tongwei poly from maybe 4 or 5 months ago, that was the tained was denied entry into the U.S. I know you’re ramping your Inner Mongolia facilities now. What is your — what do you think your ability is to import your poly through Southeast Asia into the U.S. now? Are you a little bit more pessimistic given the LONGi’s situation? Or are you still optimistic because you have traceability to the port site?
Longgen Zhang: Frankly speaking, I’m very pessimistic. The reason is because Tongwei — of course, Tongwei’s situation is may be a little different. At least they are, I think, have different locations. I think the U.S. customer, I think depend LONGi the reason because as Tongwei on the whole global, they maybe use Xinjiang silicon store. They cannot improve they didn’t use, right? So yes, we have to see because at this moment, because of critical, I think, conflict, I think, what I want to say is difficult to clear any player right now can be traceability. Any silicon produced in China can be pass the traceability to export to U.S. But — if we can do to show in Mongolia, starting from all to industry silicon to silicon powder to silicon producer, the whole value chain to show, I think we don’t know, right? We have to try it, right? So I can tell you, but we will make our efforts.
Operator: Our next question will be from Alan Lau, Jefferies.
Alan Lau: Happy to hear Longgen is moving on. And thanks for the contribution to the company as well in the past year. So my first question is what is the CapEx plan for the remaining of this year and next year?
Ming Yang: Okay. So if you look at the CapEx plan, okay, so I would say in the first half, right, so I think for — from our financial statements, are approximately $495.7 million was used in investing activities, and that’s pretty much used for CapEx, mostly related to our Inner Mongolia Phase 2. And some of it is [indiscernible] Mongolia Phase 1. And then for the second half, we’re currently planning an additional $750 million in CapEx. In aggregate, this is mostly used for Inner Mongolia Phase 2, which is under construction, right, now. And then less than $100 million will be in the final payments to Inner Mongolia Phase 1. So I think in aggregate, for the full year, we were planning roughly $1.25 billion in CapEx. So that’s the current CapExn plan right now.