Capacity Bans Delay And Inventories Increase

(China Glass Network) Glass spot market pricing trends are different compared with those peak seasons in previous years. On one hand, high inventories drag down the prices increasing speed; on the other hand, lines, which are scheduled to halt, are still operating fully to produce products leading to failing to meet the requirements of capacity bans. 500 tons capacity of Shahe Yingxin line is still working, which is scheduled to shutdown today. The same situations also happen to Xinli lines.

Impacted by above two factors, inventories in Shahe continue to increase, which already surpasses the storage amounts in August. Coordination meetings of Northern and Eastern China are held in Hangzhou. The actual implements for enhancing rates are depending on manufacturers' final calls.