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Glass Market Remains in Downturn

Post Time:Dec 24,2011Classify:Industry NewsView:350

(China Glass Network) We take the pessimistic opinion on float glass industry. And “ Stop Kiln Tide” may appear after the second quarter of next year. With traditional off season coming, the demand for float glass may be decreased In the short term. And the increased production capacity and the cost pressure will continue to reduce the profitability. Therefore the industry will remain in downturn in the short term. At present, most enterprises sell the flat glass in low price which is below the cost(70%-80% of the glass producing enterprises still are in the loss). We predicted that the continuously decreased profitability of enterprises will create the “ Stop Kiln Tide” of float glass after the second quarter of next year.

Source: glassinchinaAuthor: shangyi

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