The glass price quoted 15.7 yuan at the early week, and 15.49 yuan/m2 at the end of this week. The range of drop is 1.34 percent.
In order to withdraw fund, the manufacturers destock through reducing glass price. Especially in Shahe city, the glass cost is about 1100 to 1300 yuan per ton, counted as 13.75to 16.25 yuan per square meter. Their sale price is near to 14 to 15 yuan which is right the cost price. And the north region enters into the cold winter, the demand nears to zero.
The glass industry will not come back to life in short term. But in long time, with the support of national policy, the industry may have a bright future.
Source:
http://www.glassinchina.com/news/newsDisplay_19712.html
