Supplying Increasing With Quotations Weakening

(China Glass Network) As per related data released by National Bureau of Statistics, flat glass capacity reaches to 142.22 million weight boxes in January and February, which surpasses 7.8 percents compared with last year. With capacity of 700 tons, Anhui Xinyi launches their line and there are 1100 tons of Fujian Xinfuxing line, 900 tons of Yibin Weilisi line and 600 tons of Anhui Lanshi will be scheduled to ignite at end of March, improving supplying ability.

Analyzing from current market tendency, glass quotations remain at a lower position. Delivery recovery is still pending in Shahe. Manufacturers need to tackle with inventory pressure, which increases glass spot market pressure. Traders are still stand-by and focus on cutting down own storage with less purchasing needs.