After Zibo Seminars, Glass Manufacturers May Accelerate Quotations Increasing Speed

(China Glass Network) Recent delivery in Shahe goes through turbulence, influenced by traders slowing purchasing for previous storage and bad weather for transportation. With less orders compared with last year, processing companies’ operation ratio stays weak. Major deliveries from Shahe are flowing into Jingjinji and Luyuwan regions, which help to maintain normal inventory. With soda ash prices adjusted in upstream market, manufacturers are benefited by releasing capital pressure.

Other domestic markets remain to be steady. Manufacturers are prepared to raise quotations collectively and domestic market prices are anticipated to ascend accordingly. After Zibo seminar, glass manufacturers will accelerate quotations increasing speed.

Regarding capacity, there are 13 lines recovered to operate since January with capacity 51.06 million weight boxes. 6 lines are put into cool repairing which reduces 20.40 million weight boxes. There is 1 brand new line launched with 3 million weight boxes capacity. The net increasing capacity reaches to 33.66 million weight boxes.