光伏玻璃龙头带头减产 中国机电商会也发声

Core Viewpoint - The photovoltaic industry is taking active measures to counteract excessive competition, with leading companies like Fuyat proactively reducing production capacity to restore market balance and improve pricing [1][5][9]. Industry Overview - The photovoltaic glass market is experiencing a structural imbalance in supply and demand, prompting key players to limit production to stabilize prices and support the overall health of the industry [1][3]. - Fuyat holds an 18% market share in global photovoltaic glass production capacity as of the first half of 2025, with its photovoltaic glass business generating 168.2 billion yuan in revenue in 2024, accounting for 90.01% of total revenue [2]. Company Actions - Fuyat's decision to cut production aligns with the Ministry of Industry and Information Technology's call to reduce overcapacity in the photovoltaic sector [1][5]. - Hainan Development also announced a reduction in production due to intensified market competition and significant price drops, aiming to lower operational costs and avoid further losses [3]. Market Response - The recent production cuts have begun to show positive effects, with the average price of 2.0mm photovoltaic glass rising to 10.5 yuan per square meter in August, although it remains below the estimated breakeven price of 13 yuan per square meter [8]. - In July, the photovoltaic glass industry collectively reduced production by 8,350 tons per day, bringing actual production capacity down to 86,500 tons per day, indicating a significant recovery in supply-demand dynamics [8]. Policy Impact - Recent government policies aim to eliminate low-price competition and promote the exit of outdated production capacity, which is seen as a signal for optimizing supply and demand in the photovoltaic industry [5][6]. - The China Electromechanical Products Import and Export Chamber has called for fair competition and adherence to regulations, condemning practices like exporting below cost that harm the industry's reputation [9][10].