(China Glass Network) Xinyi Glass Co., Ltd plans to invest 13 million Euro to add three facilities, including one triple low-e coating machine and two insulated glass production lines. China index research institute released that, the average price of residential housing in 100 cities is 8791 yuan per square meter on November which rises on consecutive six month.
The cash price of glass: on Eastern China, Jiangsu Farun Co., Ltd quoted 5mm float glass 1416 yuan/ton; Hebei Da Guangming quoted 5mm FOB float glass 1200 yuan/ton and Zhangzhou Kibing quoted 1504 yuan/ton.
The domestic glass industry entered in off season, and the demand reduced accordingly. The capacity keeps increasing and the furnace stop rate declines.
Source:
http://www.glassinchina.com/news/newsDisplay_19524.html
