Upward Trend of Glass Price Continues and Keeps Stable This Week

(China Glass Network) Upward trend of glass price continues and keeps stable this week, market price increasing range of Beijing, Qinhuangdao, Shanghai, Xi’an, Zhengzhou and Wuhan stay between 0.5% and 1.0%. Latest news of the industry shows that inventory of glass enterprises is 26.51 million standard cases, with link decreasing of 270, 000 standard cases. Trend of downstream demand- Auto industry Insiders of the industry disclose that the new “Chinese Government's Consumer Automobile Subsidy Program” is expected to be issued in the near future, to stimulate consumption and expand domestic demand. The “Chinese Government's Consumer Electronic Subsidy Program” also will be implemented and supporting measures be improved. The government has promised to give disposable financial subsidies for farmers purchase minibus with displacement below 1.3L, the new policy may expand to cars and heavy trucks with displacement below 1.3L. Upward trend of the glass market continues and is indicated to last before winter. Market of South China also seize the opportunity to adjust prices. Source: GlassInChina