Glass Deliveries Slow With Declining Future Quotations

Glass spot quotations continue to raise, while market reaction stays normal. Demands from Northern and Eastern China incline to weaken, which delivery speed already slows and inventories are enhanced in Shahe. However, demands from Central and Southern China keep steady with fast delivery, which distinguishes from other regions across the country.

Regarding supplying, there will be 4 production lines scheduled to launch in September to boost the supplying amounts. Demanding end also rises with operating ratios surging from processing companies. Given the considerations on capital running and profit margins, purchasing speed is steady. Facing current situations, confidence of future mainstream market stays low and quotations are expected to go through turbulence.