Northglass Was Limited up Again to Close at 7.58 Yuan

Yesterday, Northglass was limited up again to close at 7.58 yuan. This is a third consecutive limit-up. On Glass board, the related stocks like Yaopi Glass, Jingang Glass and Luoyang Glass were in red. Essence Securities analyst Li Yongyao said, the main reason of the share rising is the product price rising. According to the statistics, the glass price increased 12 percent in 30 days. Meanwhile the price of soda ash, the main component of glass, kept steady, and the profit margin was increased. In addition, the opportunity of glass also depends on the situation of real estate sale and production cycle. At present, the busy reason is not busy as usual that restrains the demand of glass, and the over capacity also gives a huge pressure on glass industry. Therefore, we suggest the investors to sell accordingly. Source: GlassInChina