智通财经网·2025-09-01 08:42Core Viewpoint - The recent price increase of photovoltaic glass, particularly 2.0 glass, is the highest single increase since 2022, driven by a recovery in supply-demand balance after a period of production cuts [1][2][3] Price Movement - The price of 2.0 glass rose by 1.6-2 CNY/m², with a percentage increase of 17.7%, while 3.2 glass increased by 1 CNY/m², reflecting a 5.3% rise [2] Reasons for Price Increase - After a period of cold repair and production cuts, the supply-demand balance for photovoltaic glass has largely been restored. The inventory days for photovoltaic glass have increased, prompting a new round of production cuts [3] - Prior to the price increase, the industry was facing significant losses, with average gross margins for 2.0 and 3.2 glass at -2.2 and -1.8 CNY/m² respectively, indicating a challenging operating environment [3][4] Cost and Profitability - Following the price increase, the average gross margin for 2.0 glass is expected to reach a near breakeven point. The production costs for 2.0 and 3.2 glass are approximately 11.9 and 17.7 CNY/m², respectively [4] Future Outlook - The sustainability of the current price increase for photovoltaic glass will largely depend on the industry's commitment to controlling production. There is a significant amount of planned production capacity that could come online by 2025 [5] - If production capacity is activated again after this price increase, it may lead to excess supply and impact the sustainability of the price rise [5]