1. Report Industry Investment Rating - No information available 2. Core Viewpoints of the Report - The supply - demand gap in the photovoltaic glass industry is expected to widen further, and there is downward pressure on prices. The short - term demand for photovoltaic glass will decline, while the supply is on an upward trend. The inventory of manufacturers may face high - pressure again, and the price may decline slightly later [1][2][6] 3. Summary According to Relevant Catalogs 3.1 Photovoltaic Glass Weekly Outlook - Supply: A production line with a capacity of 1,200 tons per day was unexpectedly cold - repaired last week, causing a decline in supply. The current in - production capacity is 88,130 tons per day, with a capacity utilization rate of 67.40%. Overall, the actual supply shows an upward trend [6][10] - Demand: Short - term demand for photovoltaic glass will decline. Component manufacturers are using previously stocked glass, and November and December are seasonal off - peak demand months. The supply - demand gap is expected to widen [6][19] - Inventory: The inventory of photovoltaic glass manufacturers continued to increase last week. With rising supply and falling demand, manufacturers may face high - inventory pressure again [6][22] - Price: The current price may be temporarily stable, but there may be a slight decline later due to the widening supply - demand gap [2][6] 3.2 Domestic Photovoltaic Glass Industry Chain Data Overview 3.2.1 Photovoltaic Glass Spot Price - As of November 7, the mainstream price of 2.0mm coated (panel) photovoltaic glass was 13 yuan per square meter, unchanged from last week; the mainstream price of 3.2mm coated glass was 19.5 yuan per square meter, down from last week [7] 3.2.2 Supply - side - A production line with a capacity of 1,200 tons per day was unexpectedly cold - repaired last week, causing a decline in supply. The current in - production capacity is 88,130 tons per day, with a capacity utilization rate of 67.40%. The actual supply shows an upward trend [10] 3.2.3 Demand - side - Short - term demand for photovoltaic glass will decline. Component manufacturers are using previously stocked glass, and November and December are seasonal off - peak demand months. The supply - demand gap is expected to widen [19] 3.2.4 Inventory - side - The inventory of photovoltaic glass manufacturers continued to increase last week. With rising supply and falling demand, manufacturers may face high - inventory pressure again [22] 3.2.5 Cost - profit side - Last week, due to the decline in costs, the industry's gross profit margin rebounded to about 0.64% [25] 3.2.6 Trade - side - From January to September 2025, China's photovoltaic glass exports increased by 19.7% compared with the same period in 2024. The export market remains prosperous, and overseas installation demand is strong [33]