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Glass Industry Inventory in Weekends is 3.39 Million Weight Boxes!

Post Time:May 22,2018Classify:Industry NewsView:1506

(China Glass Network) Glass Industry inventory reaches 3.39 million weight boxes in weekends, increasing 190,000 weight boxes with month over month basis and 250,000 weight boxes more compared with last year. Storage is accumulating with average inventory cutting down results. Market is still in stand-by status, pressure of high inventory in Shahe maintains. Demand for building glass lags 6-9 months behind the real estate performance.Drop of real estate selling in last two quarters of 2017 gradually influences glass industry. 

Given consideration of upcoming rainy season in South China and high inventory of sheet glass, spot prices keep sliding in the short term. Turbulence of sheet glass, rate gap of soda and heavy oil drops to 700 yuan per ton, 11 yuan less on month over month basis and lightly less on year over year basis.

Source: glassinchinaAuthor: Shangyi

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