Research and Markets: Chinese Glass Prices Have Hit a New High since 2003 Levels

DUBLIN, Ireland, Sep 02, 2008 (BUSINESS WIRE) -- Research and Markets (

In September of 2007, the glass prices have hit a new high level since 2003 in China. In September 2007, the average price of float glass was 78.7yuan (RMB)/WB, rose 6.3 yuan /WB than last month; up by 13.9 yuan (RMB)/WB than the same period last year, up 21.51% year-on-year.

The reasons of the higher prices were: (1) the increased prices of the raw materials prices (2) a few manufacturers dominated the industry, and manipulated the price (3) the higher export price (4) balance between supply and demand

But, in September 2007, the sales volume and production of glass declined. The output of glass of the key glass manufacturers dropped by 1.475 million WB than last month, dropping by 5.14% than the last month; and the amount of sales reduced to 4,705,100WB, drop by 14.87% than the last month. The inventory of glass in the end of September has increased 645,000 WB. The accumulative sales of glass have grown 14.82% year-on-year.

The glass industry has benefited from the higher price which turning the glass industry from lose to profit. In August 2007,the accumulated sales of the key manufacturers(43 factories) were 16.86 billion yuan(RMB), up 28.7% than the same period last year; the accumulated total profits were 637 million yuan(RMB)( same period last year was lost 1.005 billion), increased 47.17 million yuan(RMB)than last month. According to the Data of glass industry, the total profits of the whole industry were 1.454 billion yuan(RMB), up to 244.84%year-on-year, the same period last year was a loss of 957 million yuan(RMB).

Key Topics Covered:

1 Structure of glass industrial chain

2 Trend of glass prices

3 Production and sales

4 Analysis of glass industry Operation

4.1 Glass industry has turning from lose to profit, the profit has rebounded but has not reached the high level

4.2 Reasons of the growth of price

4.2.1 The rising prices of raw materials such as soda ash, heavy oil and coal, which have pushed the glass price up

4.2.2 A few manufacturers dominated the industry, and manipulated the price

4.2.3 The advantage of export price

4.2.4 The balance between supply and demand

4. 3 Analysis of government policies which are the main elements to support the glass industry booming

5 Analysis of the key manufacturers

5.1 Jinjing Technology

5.2 Fuyao Glass

Charts

Companies Mentioned:

- Fuyao Glass

- Jinjing Technology

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