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Jiaxing glass manufacturers in alliance to raise price

Post Time:Apr 30,2009Classify:Industry NewsView:552

From 31.5 yuan/m² in last year to 18 yuan/m² in March 2009, glass price has been tumbling in Jiaxing City. However, glass price rebounds sharply recently, with retail price hiked up by nearly 40%, reported according to the Jiaxing Price Information Center.

Glass dealers in Jiaxing City mainly engage in float glass, mostly used in buildings and decorations. In last April, retail price of 5mm glass is 25 yuan/m², increased by 39% over March. The sharp rebound is primarily due to the alliance of glass manufacturers in lowering outputs and increasing price, revealed by an insider. The outputs in Jiangsu, Zhejiang and Shandong have reduced by nearly half, which gradually increases EXW price of glass as well as the retail price.

Source: GlassInChinaAuthor: shangyi

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