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
Date: 2 October 2012

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