Market Demands Remain Stable
Spot glass market tends to be stable since beginning of June. Manufacturers are focusing on pushing delivers and receiving payments due to average market confidence. Glass capacity is released intensively, which increases glass supplying amounts greatly.
Analyzing from transaction rates, glass rates in Shahe drops slightly in order to release inventory pressure, while manufacturers from Eastern and Southern China keeps current prices unchanged. Thanks to stable shipping amounts to Eastern China, inventories of glass manufacturers stay at a normal level.
