Before the Spring Festival, the inventory level is on the low side, and the manufacturers didn’t stock the glass on purpose. After Spring Festival, the middle and down stream processors will fill inventory seasonally which will raise the price. According to the survey, this time, the price will increase than the past years, ranging from 5 to 10 yuan/weight case. Considering the meager profit of the whole industry, the price may increase than expectation. The price raising will bring the glass futures run well.
The glass fiber industry is still in the bottom and it will come back to live under the background of warm global economy.
Source:
http://www.glassinchina.com/news/newsDisplay_20187.html
