Yesterday the market showed a satisfactory trend, which allowed general coordination of supply and demand. By region, the South, Central and Southwest Chinese markets performed well; demand was ordinary in East China; and the performance was not as good in North, Northeast, and Northwest regions, with significantly declining prices and increasing manufacturer inventories.
The general performance of East China market was ordinary: the sales prices of glass were stable; the delivery of products was normal; the market confidence was neutral. In Shanghai market, the sales trend of primary products was ordinary; Kunshang TKG 12mm was up by 10, with the market expectation not optimistic. In Jinan market, the demand did not perform well; the prices of most products were stable; Henan Zhonglian 5mm was down by 10; Shahe Glass primarily entered into Shandong market. As the demand before the Spring Festival is drawing to an end, the primary target markets of Shahe Glass will be Shandong, Henan, Anhui and Jiangsu, etc., in January.
The general performance of South China market was favorable: the market demand was stable; the delivery of products was normal; the market confidence was favorable. In Guangzhou market, the prices raised to a limited extent, primarily because the construction market is working against the Spring Festival deadline. In Wuhan market, the market demand was stable, and the corporate inventories were normal. With the inflow of glass from other provinces, the glass prices in Wuhan and other regions are expected to face downside risk.
