(China Glass Network) Facing pricing raising tendency, current glass companies maintain their quotations in order to push deliveries. Glass inventories reach a high level to 42 million weight boxes, which breaks the record. Compared with previous 34 millions weight boxes, current glass inventories has surpassed 20 percents. Glass capacity slides down a little, but the tendency is not maintained due to profits concerns.
Raw materials rates drop quickly in recent which continues to drag down buying costs for glass manufacturing. The glass market is expected to drop based on supplying pressure and less demands from downstream market.