Glass prices in China have inched slightly upward recently
The glass market in China has recently experienced a slight increase in prices, reflecting a positive trend in production and sales across the industry. This uptick in price is supported by a good performance in the market, characterized by a reduction in factory inventories and a corresponding rise in manufacturer prices. Particularly in Central China, the market conditions remain favorable with active downstream procurement contributing to a further reduction in factory inventory levels.
Another aspect that has partly contributed to the narrow rise in the prices for Chinese is Soda ash, a critical component in glass manufacturing. It has recently seen a price hike. Moreover, the rising costs of liquefied natural gas (LNG), which is essential for melting raw materials like caustic soda, soda ash, and silica sand in the glass production process has added to the positive sentiment for glass prices.
Read More About Float Glass Production Cost Reports - Get a Free Sample Copy in PDF
The increased cost of LNG, which serves as a more environmentally friendly alternative to traditional fuels such as coal or oil, has substantiated glass prices. LNG not only reduces greenhouse gas emissions but also enhances the energy efficiency of glass production. It was observed that despite stable and steady performance of the soda ash market, LNG support added to the positive market and prices for glass recently.
