Chinese Glass Factories Announced Glass Price Increase
From June this year, price for clear float glass and tinted glass in China have went up during these months. The price have been impacted by factors both demand and supply. And another influential factor is a rumor. It said that glass manufacturers suffer environmental rules which announced by supervision department have hindered the producing process.
Recently, glass factory - in region of Shahe - water cooling and repaired the product lines. And the department monitored the factory to stop producing non-standard products. Chinese glass product lines in Northern China was checked by the department, those regions include Hebei, Shandong, Henan, etc. These news gave a knock-on effect. As the price related to production capacity, it claimed that the price increase due to the product lines will shut down. But it was then demonstrated by the factory that they do not have a plan to cease production.
Glass stock unsold in high level and haven’t
consumed by downstream. At the same time, high profits stimulate domestic glass
market and consequently relieve the production. From the next half of this year, glass price
increase somewhat due to the large need for float glass. Because of this,
traders in downstream withstand pressure that comes from purchasing the
material. To date, glass stock increase after Chinese National Holiday and
expected to stop the sharply jumped price.
Today, China and other part of the world put high attention on environment and aim to level up the industry without sacrifice the environment. This means that high polluting machines are being pushed out in the market. The trend for energy conversion and environmental friendly is paying much more attention in glass industry.
In summary, the impact from the factory would not stay that long and glass price is predicted to stop continued growth. First-tier glass supplier as REXI, striding forward the aim of producing high-end glass products. Our company is professional from top down to the bottom and can offer you the most competitive price in the market.