Price Reduction of Glass Industry spread all over the Country

(China Glass Network)  Price of glass products in Shahe market began to drop in Monday this week and the drooping trend has spread all over the country. Declining range of glass products in Beijing is 0.5%-2.3%, Shenyang is 1.0%, Qinhuangdao is 0.5%, shanghai is 1%, Xi’an is 0.5%, Zhengzhou is 0.55%, Chengdu is 1%, Wuhan is 0.5%-1.1% and Guangzhou is 1%.

Statistics of real estate industry of October has reported increased of sales. The recovery of real estate industry drives growing of rigid demand, it also brings bullish signal for the future market of real estate industry.

With the driving of Shahe City, price of the whole glass industry appears decreasing trend. Market demand of Northeast China slows down obviously and inventory of local manufacturers increase again. North China Market also takes mark-down sale to keep current period inventory while manufacturers of East China also begin to cut price. However, market situation of South China is stable with co-ordination of supply and marketing. It’s expected that market price of the whole glass industry will keep falling down.