Expana proposes to launch five China glass container indices EBP

Expana is proposing to launch five monthly Expana Benchmark Prices (EBP) for China’s glass market and is collecting feedback from market participants until Monday, September 15, 2025.  

If the industry supports this proposal, Expana suggests launching the monthly assessments on Tuesday, September 30, 2025.  

The proposed specifications for the assessments would be as below:  

Assessment Name	Proposed Code	Quality	Incoterm	Frequency	Quantity	Currency	Unit	Publication Schedule
Medium Glass Food Jar Index CN EBP	MGJCN	Glass food jar; medium size; 275-400g flint; 40% cullet; excluding moulds; Weighted Index for Glass Container Manufacturing Costs; China; Expana Benchmark Prices (EBP)	N/A	Monthly	N/A	$	Mt	EMEA, Monthly Last Business Day
Small Glass Food Jar Index CN EBP	SGJCN	Glass food jar; small size; 175-225g flint; 40% cullet; excluding moulds; Weighted Index for Glass Container Manufacturing Costs; China; Expana Benchmark Prices (EBP)	N/A	Monthly	N/A	$	Mt	EMEA, Monthly Last Business Day
Large Glass Food Jar Index CN EBP	LGJCN	Glass food jar; large size; 650-700g flint; 40% cullet; excluding moulds; Weighted Index for Glass Container Manufacturing Costs; China; Expana Benchmark Prices (EBP)	N/A	Monthly	N/A	$	Mt	EMEA, Monthly Last Business Day
Glass Beer Bottle Index CN EBP	GBBCN	Glass beer bottle; 330ml; amber colour; 50% cullet; excluding moulds; Weighted Index for Glass Container Manufacturing Costs; China; Expana Benchmark Prices (EBP)	N/A	Monthly	N/A	$	Mt	EMEA, Monthly Last Business Day
Glass Wine Bottle Index CN EBP	GWBCN	Glass wine bottle; 750ml; green colour; 45% cullet; excluding moulds; Weighted Index for Glass Container Manufacturing Costs; China; Expana Benchmark Prices (EBP)	N/A	Monthly	N/A	$	Mt	EMEA, Monthly Last Business Day

The proposed assessments would reflect the transactable value at 16:00:00 London time. 

China is the largest producer of container glass in the world, accounting for approximately 12% of global glass production. While a considerable proportion of China-origin glass is consumed domestically, key importing markets include the US and Mexico. 

Overall, container glass is widely used and highly sustainable, and the new assessments for China’s container glass market would bring transparency to a highly traded, but opaque market. The proposed assessments would complement Expana’s existing container glass coverage, giving Expana’s subscribers a comprehensive view of input costs for China’s glass markets. 

The China index assessments would use a basket of underlying prices, based on a typical blend of costs for glass manufacturing, to provide a reference price for the manufacturing cost of glass containers. 

The China index assessments would be rounded to the nearest Dollar cent using the rule that decimals of four (4) or less round down, and decimals of five (5) or above round up, e.g. $1.744 would be rounded to $1.74, and $1.755 would be rounded to $1.76. 

If you have any feedback or suggestions on this proposal, please send this to [email protected] by Monday, September 15, 2025 and clearly state which market note your comments relate to, and if comments are intended for publication by Expana.  

Expana will acknowledge receipt of all comments by email.