The Glass Prices in Alomost Cities Are Raised

(China Glass Network) According to the statistics, the glass prices in alomost cities are raised. Compared with the latest price on Friday, glass price rose 12.01 percent in 30 days and 9.21 percent in 20 days. And on the upstream, the prices of pure soda ash and heavily oil kept steady. The gross profit of glass is expected to add. In yesterday plate, Northglass shares price turned from weak to strong, and brought the Luoyang Glass, Yaopi Glass and Jinjing Technology upward rebound. The overall slowdown of real estate from January to July has a great impact on glass industry. The domestic automobile sale rose slightly, but it failed to have an obvious stimulation on glass industry. Cinda Securities analyst Guan Jianxin advised glass enterprises to pay attention to the stimulus policy issued by the government under the “steady growth” background. It will help the market demand to improve gradually. But the whole glass industry will remain in low season. In the short team, due to the weak downstream demand, the industry will not appear good chance. The market still needs to pay attention to the change of real estate industry. At present, rigid demand of domestic float glass market appeared signs of warmer. The downstream market holds a good expectation to the September and October. Local areas such as central China, northwest, southwest market, the downstream processing factory orders has increased slightly. Seeing from the whole year, the first quarter is of the lowest profit, so the worst period has gone. Huatai Securities thought, the shrink of glass supply made the price rise and add the profit. This situation will keep remain. According to the experience of 2009, the improvement of profit stimulates the massive production to come back the normal level which need over one year time. In the third quarter, the economy begins to be stimulated and expanded. China‘s central bank‘s passiveness on currency is inevitable. Europe and the United States economy may lead the economic recovery ahead the emerging market. Source: GlassInChina