Glass Manufacturing Companies Lift Up Market Confidence

(China Glass Network) Glass spot market stays in average recently with conservative market confidence. Glass demands from downstream market such as real estate and automotive fields drop. Furthermore, numbers of recovered production lines and new lines continue to grow up, leading to a over supplying situation.

After spring festival, the industrial inventory maintains at a relatively high level, which is hard to cut down from any perspectives. Glass storages in Central China and Shahe decrease a few because of the big sales targeting on Eastern regions, which certainly brings inventory pressure to local manufacturers in Eastern China. Approaching by rainy season in Southern China, glass consuming amounts are limited, which may create more pressure to glass manufacturing companies.