Eastern Seminars Open; Northern China Differentiates from Southern China

(China Glass Network) Glass spot market differentiates between Southern and Northern China. Due to previous sales promotions enacted in Shahe, there are high inventories for those glass products which are in normal rates. In order to push deliveries, some large-scaled companies implement discounts, which other manufacturers are preparing to follow up. Quotations fall around 40 yuan.

The dropping rates along with the rainy weather slow down the purchasing speed of traders. However, central China held meetings yesterday to increase 20 yuan. Eastern and Northern coordination meetings will be held in Hangzhou tomorrow. It is suggested to wait for future movements.