Learn about China flat and technical glass market in Jan.-Feb. 2009

The total output of flat glass in January and February was 85.37 million weight cases, dropped by 7.1% year-on-year; the output of float glass was 69.94 million weight cases, down 7%. 42 flat glassmakers shut down In January and February, 42 scaled flat glassmakers shut down, which reduced the annual capacity at about 100 million weight cases. 9 float glass companies closed up and 42 companies lowered the production by 7.06 million weight cases, some of which reduced by more than 40%. Sales of flat glass decreased and price collapsed The sales-output ratio of flat glass remained the same over the same period of last year at 93.81%.

However, the sales of flat glass of key companies was 58.65 million weight cases in January and February, fallen by 2.65% on year; the ending inventory was 27.21 million weight cases, reduced by 1.21 million weight cases.

The average EXW price of flat glass slumped to 59.61 yuan/weight cases in February, down 11.61 yuan/weight cases, and float glass down 14 yuan/weight cases.

Drop in the output of technical glass applied across-the-broad Affected by the falling exports and the flagging domestic market, the rapid-growth technical glass market was undergoing output woes in January and February.

The output of hollow glass was 2.95 million sqm, down 36.5% on year; tempered glass 13.81 million sqm, down 21.4%; and laminated glass 3.32 million sqm, down 17.1%.

Flat glass, as the upstream industry of technical glass, was inevitably affected in its demand by the drop in output of technical glass.

600450 Learn about China flat and technical glass market in Jan.-Feb. 2009 glassonweb.com
Date: 6 April 2009
Source: Glassinchina.com

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