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Northeastern China Holds Meetings; Price of Glass in China Raised

Northeastern China holds coordination meetings in Harbin with main manufacturers of that region to discuss future spot market pricing tendency. They believe the traditional peak season is approaching and demand from end market will increase. Facing environmental protections and raw materials rates enhancing, manufacturers are under relatively big pressure. To cope with buying costs pressure, manufacturers, attending this seminar, are scheduled to raise 20 yuan today and another 20 yuan around 10th August.

Delivery turns up in Northeastern China and Shahe compared on month over month basis. Purchasing speed of traders accelerates. Quotations are forecast to be stable recently and market confidence increases.