Glass Industrial Seminars Held in Regions; Market Lacks of Confidence

(China Glass Network) Market coordination meetings in Southern China delay, which originally planed to open yesterday. The main reason comes from weak quotations from manufacturers in Southern China recently.

Lacking of confidence, market can not afford the motivation to raise rates. After meetings in Central China, manufacturers enhance 10-20 yuan for local market, while they still keep prices unchanged for Eastern China and other regions. 

Quotations from Eastern China also fall slightly, leading to influencing confidence for manufacturers in other regions. 

Currently, glass spot market maintains weak position in the short term. Some regions adjust prices while cold repairing and production resuming plans will follow up in next week.