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China: Prospect and trend of plate glass

In 2001, the stagnation of glass industry was mainly resulted from the low level repeated construction. From the second half of 1999, Chinese plate glass industry affected by rebounce of price and mar…

In 2001, the stagnation of glass industry was mainly resulted from the low level repeated construction. From the second half of 1999, Chinese plate glass industry affected by rebounce of price and market, many regions built float glass production line. From 1999, there were totally 39 float glass production lines, which shaped into a production capacity of 87.88 million boxes, in which, there were 23 float glass production lines has been constructed up, which shaped into a production capacity of 37.15 million boxes. the actual newly added production capacity would reach 68 million boxes, which amounted to 32% of total glass production capacity. The explosive expanded output capacity influenced severely the relationship of demand and supply. According to the data, at the end of 2001, the inventory of medium and large plate glass enterprises reached 15.11 million boxes, an increase of 46% over last year, meanwhile, the price reduced CNY 63 per box, which fell 15% from last year. In 2001, Chinese plate glass industry gained profit of CNY 0.712 billion, which fell 58% from last year. According to the forecast, the output of plate glass would maintain a growth rate of 10% in 2002 and 2003. However, in this and next year, there would still be 1,500-2000 boxes float glass surplus. Moreover, the supply in international plate glass market also exceeded the demand.

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