Research and Markets: Chinese Glass Prices Have Hit a New High since 2003 Levels

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/3feb72/2007_chinese_glass)
has announced the addition of the "2007 Chinese Glass Market Research
Report" report to their offering.

In September of 2007, the glass prices have hit a new high level
since 2003 in China. In September 2007, the average price of float
glass was 78.7yuan (RMB)/WB, rose 6.3 yuan /WB than last month; up by
13.9 yuan (RMB)/WB than the same period last year, up 21.51%
year-on-year.

The reasons of the higher prices were: (1) the increased prices of
the raw materials prices (2) a few manufacturers dominated the
industry, and manipulated the price (3) the higher export price (4)
balance between supply and demand

But, in September 2007, the sales volume and production of glass
declined. The output of glass of the key glass manufacturers dropped
by 1.475 million WB than last month, dropping by 5.14% than the last
month; and the amount of sales reduced to 4,705,100WB, drop by 14.87%
than the last month. The inventory of glass in the end of September
has increased 645,000 WB. The accumulative sales of glass have grown
14.82% year-on-year.

The glass industry has benefited from the higher price which
turning the glass industry from lose to profit. In August 2007,the
accumulated sales of the key manufacturers(43 factories) were 16.86
billion yuan(RMB), up 28.7% than the same period last year; the
accumulated total profits were 637 million yuan(RMB)( same period last
year was lost 1.005 billion), increased 47.17 million yuan(RMB)than
last month. According to the Data of glass industry, the total profits
of the whole industry were 1.454 billion yuan(RMB), up to
244.84%year-on-year, the same period last year was a loss of 957
million yuan(RMB).

Key Topics Covered:

1 Structure of glass industrial chain

2 Trend of glass prices

3 Production and sales

4 Analysis of glass industry Operation

4.1 Glass industry has turning from lose to profit, the profit has
rebounded but has not reached the high level

4.2 Reasons of the growth of price

4.2.1 The rising prices of raw materials such as soda ash, heavy
oil and coal, which have pushed the glass price up

4.2.2 A few manufacturers dominated the industry, and manipulated
the price

4.2.3 The advantage of export price

4.2.4 The balance between supply and demand

4. 3 Analysis of government policies which are the main elements
to support the glass industry booming

5 Analysis of the key manufacturers

5.1 Jinjing Technology

5.2 Fuyao Glass

Charts

Companies Mentioned:

- Fuyao Glass

- Jinjing Technology

For more information visit
http://www.researchandmarkets.com/research/3feb72/2007_chinese_glass

Research and Markets
Laura Wood, Senior Manager
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
press@researchandmarkets.com

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