(China Glass Network) Recently, the glass futures trading volume had broken through 4 million hands. The depressed situation had released slightly but the enterprises still can't set free from the worry.
Till the end of last week, on North China, Southglass, Zhangzhou Kibing up-regulated the ex-factory price of 5mm glass 10 to 32 yuan per ton. On East China, Jiangsu Farun raised 20 yuan per ton of the 5mm accordingly. Hebei and Shandong, always keeping low price, also began to raise the price. The heat from futures market began to spread spot market.
"The sale doesn't increase though then price rises. The spot market to go out of depression still has a long way to go." Said Wu Yanming, the manager of Futures Department of Hebei Daguangming Group Jiajing Glass Co., Ltd
"The glass spot market will not turn from positive to active in short term as the glass futures market did." The president of Zhejiang Da Guangming Co., Ltd Tu Youjun expressed his opinion. The north and south market affected by the reason appeared the opposite situation; the north market going weak and the south market going strong. The north market is greatly affected by the cold winter and all the project construction have to stop till the next spring. The north dealers would delivery their glass to the south which is less affected by the reason.
On past, the deep-processing industry was concentrated on the Yangtze River Delta and Pearl River Delta. Leading by the national policy, the glass market has been shifted from the Coastal developed areas to interior areas. There is more room to grow of the interior areas. The whole industry is still in overcapacity situation.
