Market Demand Recovery Falls Short Of Expectations. Glass Prices Rise First And Then Fall

Mar 06, 2024

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After the Spring Festival, the domestic float glass market prices first rose and then fell, and market demand recovered less than expected. From the demand side, most of the middle and lower reaches returned to work and production after the the Lantern Festival. In addition, there was a small amount of stock before the festival, so the middle and lower reaches tended to be cautious in picking up goods. From a supply side perspective, the market production capacity increased at a high level in February, with most original film factories having high inventory levels and some factories experiencing inventory pressure. Therefore, in the situation of weak supply and demand, the price of float glass is under pressure and is declining. Zhuochuang Information believes that there is unlikely to be a significant improvement in short-term market demand, and the supply side is under pressure. It is expected that prices may still move downwards.