Zhengzhou Zhongyu Metallic Materials Co., Ltd. is a professional manufacturer of fiberglass backing pads or backing plates in China. The company keeps close attention with the raw material--fiberglass to produce its featured products. Recently ZhongYu has made an analysis on fiberglass market situation and tendency.
According to Zhongyu market research, in the first half of 2014, global fiberglass market has shown an obvious favorable tendency, among which direct import was most conspicuous, whle domestic market has also grasped the opportunity to increase sales.
Zhongyu reveals that in the past five years, fiberglass market was in a downturn period. With global economy recovery and new energy, new material as well as relevant manufacturing industry increasing demand, fiberglass supply and demand structure is gradually recovering. In May and June, due to downstream industry structural recovery, fiberglass products such as fiberglass backing pad and backing plate have witnessed increased price. ZhongYu also benefited from the favorable market trend.
Market analysts say that in the latter half of the year, overseas market is better than what it was in the first half of 2014; domestic market is better than what it was in the last year. China fiberglass sales volume is to hit a new record this year.
For more information about fiberglass products, please visit: http://zhongyu.en.iabrasive.com/.