China Glass Composite Index on August 3, 2020

On August 3, 2020, China Glass Composite Index was 1148.11 points, up 8.77 points from the previous month; China Glass Price Index was 1,184.15 points, up 9.51 points from the previous month; China Glass Confidence Index was 1003.97 points, up 5.82 points from the previous month. Since the weekend, the overall trend of the glass spot market has been fair. Some regional manufacturers have delivered better warehouses, and market quotations have continued to rise, boosting market confidence. As the peak season for traditional demand approaches, the speed and amplitude of the price increases of manufacturers have accelerated significantly, preheating the market in the later peak season. Traders and processing companies have also increased the speed of stocking appropriately in order to have enough glass to use during the peak season. Overall, the market sentiment has improved significantly recently, and manufacturers’ outbound stocks have also increased month-on-month

Post time: Aug-04-2020