Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - As of July 11, 2025, the mainstream prices of 2.0mm and 3.2mm coated photovoltaic glass remained flat week-on-week, hitting record lows with intensified market competition [1][8]. - Last week, one photovoltaic glass production line was cold - repaired, and the industry supply continued to shrink. However, the reduction speed slowed down, and future supply reduction expectations were low. Some manufacturers continued the low - price strategy [1][11]. - The industry demand is weak, and overall orders can't maintain long - term production - sales balance. Some downstream players are stocking at low prices, but the impact on the market is small [1][20]. - The industry inventory is rising and is expected to continue rising due to weak short - term demand recovery and oversupply [1][22]. - The industry's gross profit continued to decline last week, and the loss deepened. Some enterprises are accelerating order - taking at low prices [1][27]. - The future price trend depends on the manufacturers' production reduction rhythm. If the reduction accelerates, prices may stop falling; otherwise, there is still room for price decline [2][7]. Summary by Related Catalogs 1. Photovoltaic Glass Weekly Outlook - Supply: One production line was cold - repaired last week, supply continued to shrink, reduction speed slowed, and future reduction expectations were low. Some manufacturers used the low - price strategy [1][7][11]. - Demand: Orders are insufficient to maintain production - sales balance. Some downstream players are stocking at low prices, with limited market impact [1][7][20]. - Inventory: Inventory is rising and is expected to continue due to weak demand recovery and oversupply [1][7][22]. - Cost - profit: Gross profit declined last week, and losses deepened. Some enterprises are accelerating order - taking at low prices [1][7][27]. - Price trend: Future price trend depends on production reduction rhythm. Faster reduction may lead to price stabilization; otherwise, prices may fall further [2][7]. 2. Domestic Photovoltaic Glass Industry Chain Data Overview 2.1 Photovoltaic Glass Spot Price - As of July 11, 2025, the mainstream price of 2.0mm coated (panel) photovoltaic glass was 10.5 yuan/square meter, and that of 3.2mm coated was 18 yuan/square meter, both flat week - on - week, hitting record lows [1][8]. 2.2 Supply - side - One production line was cold - repaired last week, supply continued to shrink, reduction speed slowed, and future supply reduction expectations were low. Some manufacturers continued the low - price strategy [1][11]. 2.3 Demand - side - Industry demand is weak, and overall orders can't maintain long - term production - sales balance. Some downstream players are stocking at low prices, but the impact on the market is small [1][20]. 2.4 Inventory - side - The industry inventory is rising and is expected to continue rising due to weak short - term demand recovery and oversupply [1][22]. 2.5 Cost - profit - side - The industry's gross profit continued to decline last week, and the loss deepened. Some enterprises are accelerating order - taking at low prices [1][27]. 2.6 Trade - side - From January to May 2025, China's photovoltaic glass export volume increased by 6.1% compared with the same period in 2024 [36].
供给缩减节奏放缓，厂家继续低价策略
Dong Zheng Qi Huo·2025-07-14 06:59