Foreign demand greatly reduced makes the prices of export volume of China Glass Enterprises down(2009/11/18)

Due to the Europe and the United States market demand greatly reduced, in first season of 2009 China's flat glass industry's export volume and price are both down, and the fundamental reason is that surplus of low-end products, was forced to due to vicious price competition. Increase the export tax rebate rate will help promote the industry consolidation, long-term perspective on the future development of China's glass industry are very favorable.

In the first season of 2009 flat glass industry in the international market suffered sales and prices fall homogeneous situation, it was mainly due to U.S. and European markets by the impact of the economic crisis and weak housing, and the demand significantly reduced.

Statistics show that in 2008 the national will increase 13 lines of new float glass production, currently under construction, the proposed production lines there are 41, the total capacity of 170 million weight cases. A substantial expansion of flat glass production capacity so that the already fragile relationship between market supply and demand have been severely damaged, increasingly fierce competition. However, the top five groups total capacity of the glass only account for about 30% of the country, China's glass industry concentration is significantly lower, the market regulatory capacity is weak, to participate in international competition capability is also weak.
(by China Leiyuan, 2009/11/18)