Less Demands Lead To Weak Transactions

Glass spot market recent performance does not meet expectations from glass manufacturers. Glass deliveries do not rise remarkably and it is quite difficult for manufacturing companies to cut down their inventories, due to late and less operation rates of processing companies and oversupply.

Pricing adjustments in Central and Northern China also impact the market confidence in Southern and Eastern regions, which the market tends to be much more conservative with quotations falling from some manufacturers. Later on, capacity keeps increasing in Eastern and Southern China and it may further influence the inventory reducing.

Some manufacturers in Shahe gradually to adjust their rates to control quotation differences within reasonable range. However, based on deliveries, the situation remains unchanged, leading to more pressure.