Trade Resources Market View Glass Markets Appear Price Declining

Glass Markets Appear Price Declining

(China Glass Network) According to statistics issued by National Development and Reform Committee, output of flat glass during January to September this year is 546 million standard cases, with year-on-year drop of 6.9%; Exporting amount of glass products is 1.4341 million tons, which drops 6.7% than last year; Export value of the industry is 467.16 million USD, decrease 17.8% compared with the same time last year. Loss of flat glass industry during the first eight months this year is up to 870 million RMB.

Latest overview of real estate industry shows that banks of fourteen cities all over the country have up-regulated first mortgage rates.

Minister of Ministry of Housing and Urban-Rural Development of the People’s Republic of China, Jiang Weixin said in the interview that MOHURD is positively research and expanding housing property tax pilots, house purchase quota policy won’t exit in the near future.

Markets appear price declining are mainly in Northeast and South China while there is no obvious fluctuation in Shahe Market recently. New productivity in the later market may decrease, with weak demand of the market, price of the long-term market will be in weak trend.

Source: http://www.glassinchina.com/news/newsDisplay_19260.html
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Downtrend of Glass Price Slows Down and Descending Will Be Main Trend for The Future Market
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