Report Industry Investment Rating No relevant content provided. Core View of the Report The supply of domestic PV glass is expected to increase significantly this week, the demand is expected to remain strong, the inventory may continue to decline, and the new - month price is expected to continue rising [1][7]. Summary by Related Catalogs 1. PV Glass Weekly Outlook - Supply: Last week, the supply of domestic PV glass continued to grow as blocked kiln lines resumed normal production. Multiple lines are expected to be ignited this week, with a large expected increase in industry supply [7][9]. - Demand: Last week, PV glass manufacturers had a fast sales pace. Some component manufacturers stocked up in advance due to the expected price increase next month, and the actual demand increased because of full - component orders. The sales situation is expected to remain good this week [7][19]. - Inventory: Last week, the inventory of PV glass continued to decline. The situation of sales exceeding production is expected to continue for a long time, and the industry inventory may continue to decline this week [7][26]. - Price: As the end of the month approaches, the upstream and downstream are discussing the new - month price, which is expected to continue rising [2][7]. 2. Overview of Domestic PV Glass Industry Chain Data 2.1 PV Glass Spot Price - As of March 28, the mainstream price of 2.0mm coated (panel) PV glass was 14 yuan/square meter, and that of 3.2mm coated was 21 yuan/square meter, both remaining flat compared to last week. The transaction prices with second - and third - tier downstream customers are mostly in the high - price range, while those with first - tier customers are in the low - price range, depending on actual trading volume. Some downstream customers take the goods first and negotiate the price at the end of the month [8]. 2.2 Supply End - Last week, the supply of domestic PV glass continued to grow due to the resumption of blocked kiln lines. Multiple lines are expected to be ignited this week, with a large expected increase in industry supply [9]. 2.3 Demand End - Last week, PV glass manufacturers had a fast sales pace. Some component manufacturers stocked up in advance due to the expected price increase next month, and the actual demand increased because of full - component orders. The sales situation is expected to remain good this week [19]. 2.4 Inventory End - Last week, the inventory of PV glass continued to decline. The situation of sales exceeding production is expected to continue for a long time, and the industry inventory may continue to decline this week [26]. 2.5 Cost - Profit End - Due to the post - holiday price increase of PV glass, the gross profit margin of the PV glass industry has significantly recovered and is currently around 8% [29]. 2.6 Trade End - From January to February 2025, China's PV glass export volume was basically the same as that in the same period of 2024 [36].
光伏玻璃产销向好，新月价格继续上行
Dong Zheng Qi Huo·2025-03-31 05:21