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Flat glass price has dropped to the lowest

Post Time:Feb 25,2009Classify:Industry NewsView:368

On account of the status of China flat glass market, some senior experts of the industry concluded that there would be little decrease of flat glass price currently.

In the first 11 months of 2008, the EXW price of flat glass kept in about 70 yuan per weight case, while in December, the price dropped to the lowest since the beginning of 2008, at 65 yuan per weight case, 4.4 yuan less than that in November.

Prices of flat glass in different grades dropped to varying degrees. The EXW price of high-quality float glass was 88 yuan per weight case, down 3.2 yuan month-on-month; the price of common float glass was 65 yuan per weight case, down 5.4 yuan; the price of common flat glass is 51 yuan per weight case, down 1.3 yuan.

There are two reasons for the decrease of price: the over growth of flat glass capacity and the decrease of raw materials prices. However, judging from the profit of flat glass companies, the ROS (return on sales) of flat glass industry is only 0.3% in the first 11 months of 2008. So, it is predicted that the price may not drop greatly.

Source: GlassInChinaAuthor: shangyi

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