Starting from April 1, 2026, the value-added tax export rebate for photovoltaic and other products will be cancelled, including all daily glass products.
Cancelling the value-added tax export rebate will directly increase the export cost of daily glass, weaken international competitiveness, lead to reduced export demand and domestic oversupply, and thus exert significant downward pressure on spot prices. Based on recent futures data (such as the closing price of Zhengzhou Commodity Exchange glass contract 2605 at 1,143 RMB/ton, with a daily increase or decrease of -13.00), the market has shown a weak trend. This policy news will further strengthen bearish sentiment, and it is expected that futures prices will continue to decline, with significant short-term bearish effects.
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