Near 300 percent growth in the price of Chinese auto glass since 2009

Since 2009, due to the growth of costs from raw materials and labor, the prices of products are raised in many industries. As the prices of raw materials (petroleum, glass, PVB film, ink, etc.) and transportation costs rose constantly, Chinese auto glass industry faces great cost and market pressure. Under this situation, it is an inevitable trend for the price of the auto glass to be raised. In the manufacture cost for auto glass, heavy fuel oil cost takes the largest part (about 40 percent), followed by soda ash cost (25 percent). The prices of the two raw materials have seen significant growth since the beginning of 2010. It is predicted that the prices will maintain high in the later period. The price growth greatly influences the gross profit of glass manufacturers, according to a May 17 PRLog report.

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