Zheng Quan Shi Bao Wang·2025-01-20 00:49Core Viewpoint - The report from CITIC Securities indicates that the price of photovoltaic glass is expected to rise as the peak production season in the photovoltaic industry approaches, driven by changes in production capacity, inventory trends, and demand in the photovoltaic sector [1] Group 1: Production Capacity and Inventory - The daily melting capacity of photovoltaic glass has decreased from a peak of 115,000 tons in June 2024 to currently below 90,000 tons, with a potential for further decline [1] - The inventory cycle for photovoltaic glass has reduced from approximately 40 days at the end of 2024 to about 34 days currently, with expectations for continued decline [1] Group 2: Demand Forecast - For 2025, with an estimated photovoltaic installation of around 550 GW, the corresponding daily melting capacity demand for photovoltaic glass is projected to be nearly 95,000 tons, which exceeds the current production capacity [1] - This situation is expected to create strong upward pressure on prices as the peak season approaches, suggesting investment opportunities in photovoltaic glass companies [1]