The contraction of production capacity and declining demand may cause the glass bottle industry to form a balance between supply and demand. As the current inventory has dropped to a lower level, it is expected that it can be basically digested after another 1 to 2 months. If demand recovers at the end of the first quarter of 2009, glass bottles prices are expected to rebound.
At the same time, since the production line that stopped production will take at least 2-3 months to resume production, the price rebound is likely to continue until the end of the second quarter of 2009.
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