The Fifth Market Forum on Float Glass was Held in South China

The Fifth Market Forum on Float Glass- South China was held in Guangzhou. The forum was sponsored by Guangdong Glass Association and presented by Yingde Hongtai Glass Co., Ltd.; representatives from float glass manufacturers such as CSG, Xinyi Glass Holdings, Kibing Glass Group, Taiwan Glass Group, Jiangsu Farun, Guangdong Yufeng Glass Group, Guangdong Jiangmen ISN Float Glass, Hongtai Glass and Fuming Glass attended the session.Leaders of the above-mentioned enterprises present at the session reported their production, sales and inventory status of float glass and performed joint analysis on the current situation of glass industry in South China. Through in-depth discussion, representatives reached the following consensus: Through reviewing the market situation since the last forum held in Heyuan, it is estimated that the price of glass sheet would be slightly higher after the session.

However, the market appears to have a certain degree of decline since the late August. At present, the price of top quality glass sheet is 76-77 yuan /box, and 71-72 yuan /box for low- to medium-end glass sheet, which is significantly lower than normal price. Something has to be done to change the situation.

After a careful analysis of the present situation of the glass industry of South China, it may be confirmed that demand for float glass would recover in the coming three months with the coming of the traditional peak season “Golden September and Silver October”.

Through in-depth discussion on how to maintain stability in the market of South China, they reached a consensus that a rational view shall be held regarding the increase of inventory. Manufacturers shall properly maintain inventory, be confident about the market and jointly maintain the market of South China.

It is learned that many float glass manufacturers in South China have raised glass products prices in succession. Boosted by the session, sales volume of manufacturers in South China has been recovering. And most manufacturers have been able to maintain the balance between production and sales, showing a positive growth momentum in the market of South China.

600450 The Fifth Market Forum on Float Glass was Held in South China glassonweb.com

See more news about:

Others also read

Peng Shou Visits KCC Corporation (South Korea)
On the afternoon of July 16th, 2018, Peng Shou, board chairman of CTIEC, was invited to pay a working visit to headquarters of KCC in Korea.
Emirates Float Glass achieves 1 million man-hours without loss time injury for second time in history
Dubai Investments PJSC has announced that its wholly-owned subsidiary Emirates Float Glass has accomplished a unique recognition by achieving one million man-hours without Loss Time Injury [LTI] for the second time in its history.
Innovative bird-friendly glass featuring Starphire glass among highlights of renovated Tropical Rainforest
National Aviary’s new bird habitat unveiled after extensive renovation.
Machinery and products for glass: Markets on the upswing, excellent exports performance
The Gimav Studies Centre releases official data on the sector: the growth trend continues for the 8th consecutive year.
Check out the exhibitors at ASEAN's largest glass show, Glasstech Asia 2018 & Fenestration Asia 2018!
Malaysia International Trade & Exhibition Centre (MITEC); Kuala Lumpur; 14 - 16 November 2018.
CTIEC Signs General Contract of Pakistan  Waste Heat Power Generation Project
On July 9,2018, the signing ceremony of general contract project of installing waste heat generation facilities for two float glass production lines (450t/d+550t/d) of GhaniGlass Co. Ltd. (Pakistan) by CTIEC was held in Shanghai.

From industry

40 Corniche El-Nil,
Al Sharafain Tower Maadi,
Cairo Governorate
11728
Egypt

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul
Turkey

Add new comment