China Glass Composite Index on September 21,2018

(China Glass Network) On 21st September, 2018 China glass composite index reaches to 1,188.64 points and decreases 3.95 points, which ascends 54.02 points compared with last year. China glass price index stays at 1,220.01 points and declines 3.18 points more than last week, which enhances 65.23 points compared with last year. China glass confidence index arrives at 1,063.14 points, dropping 7.03 points compared on week over week basis and ascending 9.16 points compared with last year.

This year’s peak season is weaker than previous years. Weak demands from real estate industry and trade war bring less exporting amounts of sheet and processed glass. Although there are 3 lines already halted in August, the exceeding supplying adds pressure to the market. Some manufacturers in Northern China enact sales promotions in order to cut down inventories, which impacts the glass without any discounts and influences pricing system at local and nearby market.