Group 1 - The core viewpoint of the articles highlights that the top ten domestic photovoltaic glass manufacturers have collectively decided to reduce production by 30% to address the supply-demand imbalance in the market [1][4] - The reduction in production is expected to decrease the glass supply to approximately 45GW in July [1][4] - Experts indicate that if the collective production cut is successfully implemented, it could help in the recovery of glass prices [1][3] Group 2 - Several photovoltaic glass companies have responded to the production cut news, stating that they are currently operating normally and have not received formal notices for production halts [2] - Companies like Aiyamaton are looking to expand overseas to alleviate competitive pressures in the domestic market, with plans to invest in a new production line in the UAE [2] - The photovoltaic glass industry has been experiencing continuous losses, with the average profit margin declining significantly over the past weeks [5] Group 3 - The supply side of photovoltaic glass has already begun to reduce production since June, with a total of 3,850 tons/day capacity being cut or idled [4] - The demand side has weakened, leading to an increase in inventory levels among glass manufacturers [4] - As of June 30, the price of 3.2mm coated photovoltaic glass dropped by 5.13% to 18.5 yuan/m², while the price of 2.0mm coated glass fell by 4.35% to 11.0 yuan/m² [5]

Core Insights - The company is addressing production challenges by enhancing its internal capabilities, particularly in the production of glass bottle tubes, which are critical to its operations [1][2] - Significant cost reductions have been achieved through technological innovations and process optimizations, leading to improved efficiency and reduced reliance on external suppliers [2][3] Group 1: Production Challenges - The company faces a critical supply issue with the glass bottle tubes, requiring nearly one million units annually, which impacts production plans and costs [1] - External supply disruptions have led to production slowdowns, emphasizing the need for self-sufficiency in key components [1] Group 2: Technological Innovations - A new intelligent production unit has been implemented, automating the production of glass bottle tubes and reducing costs by 5 yuan per unit through structural optimization and energy savings [2] - The company has achieved a 99.8% qualification rate for self-produced tubes, significantly reducing waste and further lowering costs [2] Group 3: Cost Control Measures - Various cost-saving measures have been introduced across production processes, including adjustments to drying processes and repurposing idle equipment, leading to substantial monthly savings [3] - The company aims to enhance its competitive edge and risk resilience by focusing on cost control in critical areas such as precious metal processing and chemical agents [3]

据中国人民银行征信中心消息，根据《国家发展改革委关于进一步降低征信服务收费标准的通知》，中国人民 银行征信中心自2025年7月1日起全面执行征信服务新收费标准。个人柜台查询自身信用报告，每年前2次免 费，自第3次起的收费标准为每次5元。个人通过互联网查询自身信用报告免费。 国家发改委：国内汽、柴油价格每吨分别上涨235元和225元 国家发改委消息，根据近期国际市场油价变化情况，按照现行成品油价格形成机制，自2025年7月1日24时起， 国内汽、柴油价格每吨分别上涨235元和225元。 ★ 宏观动态 ★ 央行征信中心：征信服务新收费标准7月1日正式实施 关税。对此，日本内阁官房长官林芳正今天（7月1日）表示，他不会对美国总统或美国官员的每一项声明进行 评论，但日本不会在与美国的贸易谈判中牺牲农业部门的利益。不过林芳正拒绝透露目前日美贸易谈判的具体 细节。 ★ 金融机构 ★ 国融基金：副总经理兼财务负责人陈祎杰离任 7月1日国融基金公告称，副总经理兼财务负责人陈祎杰离任，该事项经国融基金第三届董事会第十八次会议审 议通过，并按有关规定进行报备。 充电宝上高铁要符合哪些条件？国铁集团回应 据央视新闻，民航局禁止携带 ...

往年光伏玻璃企业的库存在20天以内，眼下企业相对健康的库存天数在25天左右。 "反内卷"的声浪一阵高过一阵，不止步于呼吁阶段。 中国光伏行业协会CPIA官微最近发布题为《一锤定音！——破"卷"三轴联动：政府引路、行业自律、 企业求变》的文章，主要提及29日《人民日报》头版刊发金社平评论《在破除"内卷式"竞争中实现高质 量发展》相关文章内容。 中国光伏行业协会表示，未来协会将一如既往地助力行业自律与技术升维双轨并进，实现"优质优价"取 代"劣币驱逐良币"，共同维护公平竞争的市场秩序，尽快挣脱内卷枷锁。 同天，业内传言头部光伏玻璃企业集体减产30%以抵制内卷。据上海有色网（SMM）消息，近日光伏 玻璃企业聚集讨论当前供需矛盾，多数玻璃企业计划7月开始减产改善供应端，减产规模预计将达到 30%。 SMM分析师郑天鸿表示，近日部分玻璃企业相聚一堂协商后续走势，原定减产规模仅有10%左右，但 此规模不能解决供需矛盾，因此在原有基础上，头部企业计划增大减产量，预计使得本轮减产规模达到 30%。 某产业内分析人士今日在接受第一财经记者采访时表示，实际今年6月起，玻璃环节已陆续启动减产， 除了福莱特和信义光能这两大头部企业外 ...

针对"国内头部光伏玻璃企业计划于7月开始集体减产30%"的市场消息，亚玛顿（002623）董秘刘芹 称，光伏玻璃行业减产的消息属实，产能加速出清，将有力促进行业后续可持续健康发展。国内光伏玻 璃行业竞争日趋激烈，海外市场的巨大需求为光伏玻璃企业开辟了广阔的发展空间。"公司董事会近日 审议通过了在阿联酋投资建设年产50万吨光伏玻璃生产线项目的议案，公司将充分利用当地的资源优势 以发挥公司在光伏玻璃领域的核心技术优势，进而推动公司海外光伏玻璃产能的有效布局。"刘芹称。 (中证金牛座) ...

周度报告——光伏玻璃 亏损程度明显加深，光伏玻璃行业减产持续 [T报ab告le_日R期an：k] 2025 年 7 月 1 日 ★光伏玻璃基本面周度表现（截至 2025/6/27 当周）： 截至 6 月 27 日，国内光伏玻璃 2.0mm 镀膜（面板）主流价格 为 11 元/平米，环比上周持平；3.2mm 镀膜主流价格为 18 元/ 平米，亦环比上周持平。当前光伏玻璃价格创历史新低，市场竞 争加剧。 上周国内光伏玻璃供应端继续减产，无光伏玻璃产线冷修，有三 家企业堵窑口减产，合计堵窑口 10 个。随着行业库存压力持续 累积，亏损程度加深将继续对生产企业生产计划造成负面影响。 能 源 目前光伏玻璃需求端仍偏弱，月末阶段订单明显不足。本周进入 7 月份，需求表现预计与 6 月份相比波动不大。 化 工 上周处于月末阶段，订单明显不足，行业库存增幅加大，短期供 大于需的局面难以扭转，累库趋势仍将延续。 上周行业毛利润大幅下滑，亏损程度进一步加深。近期行业累库 压力逐步加剧，部分企业低价加速抢单出货，光伏玻璃利润水平 持续下滑。 ★ 供需分析： 随着行业亏损程度持续加深，将倒逼光伏玻璃企业加速减产冷 修，7 月份需求表 ...

Core Viewpoint - The company plans to suspend and cold-repair its float glass production line (450T/D) and professionally dispose of 124.9 tons of tin ingots, aiming to optimize production line efficiency and improve asset operation efficiency [1] Group 1 - The board of directors approved the asset disposal plan on June 30, 2025 [1] - The assessed value of the disposed tin ingots is 31.0172 million yuan [1] - The asset disposal does not constitute a related party transaction or a major asset restructuring [1]

7月1日，玻璃期货呈现震荡下行走势，截至发稿主力合约大幅下挫4.03%，报977.00元/吨。 【消息面汇总】 据了解，近日安徽地区两座窑炉合计玻璃产能1800吨/天窑炉正式减产，7月首轮减产行动开始，预计近 期江西、安徽地区仍有窑炉堵口，减产。 据悉，为破除"内卷式"竞争，国内头部光伏玻璃企业计划自7月开始集体减产30%，此外部分玻璃企业 堵口计划开始增多，预计后续国内光伏玻璃供应量将快速下滑，国内供需失衡的状况将获得改善。 机构观点 东海期货：供应方面，装置冷修叠加装置点火，整体玻璃供应持稳，整体产量周环比变化不大，维持在 底部，以刚需生产为主；需求方面，终端地产行业形势依旧持续弱势，需求难有起色，下游深加工订单 下滑，整体采购以刚需为主；利润方面，整体利润不加，周环比变化不大；当前玻璃的供应以刚需生产 为主，终端地产行业形势不佳，需求整体依旧疲软，短期预计偏弱运行，弱势震荡为主。 中辉期货：国内宏观数据改善，市场风险偏好回升，供应端低位小幅缩减，上游库存转降。中期玻璃需 求萎缩尚未缓解，反弹力度受限。目前煤制仍有利润，难以触发大规模冷修，开工和日熔量低位小幅波 动，成本端下移，盘面价格贴水现货，且低于煤 ...

玻璃纯碱早报 | | | | | | | | | 研究中心能化团队 | | | 2025/7/1 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 玻 璃 | | | | | | | | | 2025/6/23 | 2025/6/27 | 2025/6/30 | | 周度变化 日度变化 | | 2025/6/23 | 2025/6/27 | 2025/6/30 | | 周度变化 日度变化 | | 沙河安全 | 1128.0 | 1128.0 | 1128.0 | 0.0 | 0.0 | FG09合约 | 1007.0 | 1019.0 | 1006.0 | -1.0 | -13.0 | | 5mm大 板 | | | | | | | | | | | | | 沙河长城 | 1126.0 | 1126.0 | 1126.0 | 0.0 | 0.0 | FG01合约 | 1062.0 | 1077.0 | 1085.0 | 23.0 | 8.0 | | 5mm大板 | | | | | | | ...

Core Viewpoint - The glass industry is facing a supply-demand imbalance that is expected to persist into 2025, with futures prices likely to remain low for an extended period [1] Group 1: Supply and Production - In the first half of 2025, the glass industry's production capacity continues to decline, with the average operating rate of float glass industry down by 8.58 percentage points compared to the same period last year, and production down by 10% [1] - The daily melting capacity of glass is expected to have limited room for decline in the second half, ranging from 1,650 to 3,250 tons [1] - As of late June, the total inventory of float glass enterprises reached 69.887 million heavy boxes, an increase of 54.54% from the end of last year and up 16.82% year-on-year [1] Group 2: Demand and Consumption - The core issue of weak glass demand is attributed to the sluggish real estate market, slow progress on engineering orders, and difficulties in order fulfillment and payment collection for deep processing enterprises [1] - The apparent consumption of domestic float glass from January to May was 18.6463 million tons, a year-on-year decrease of 11%, indicating that the supply-demand imbalance has not eased [1] - Although there may be a temporary improvement in demand in the second half of the year, the overall consumption is still expected to decline year-on-year [1] Group 3: Pricing and Costs - The decline in raw material prices has led to a reduction in glass production costs; however, the decrease in most process costs has not matched the drop in finished product prices, resulting in continuous losses for most processes, with only coal gasification processes showing slight profitability [1] - Without strong external factors, it is difficult for costs and profits to drive capacity exit in the second half of the year [1] - The glass futures prices are expected to remain below 1,000 yuan per ton for a long time, with the main contract center in the range of 850 to 950 yuan per ton in the second half [1] Group 4: Exports and Market Outlook - From January to May, the total export volume of domestic float glass was 379,700 tons, a year-on-year increase of 126.32%; from January to April, the export volume of glass and deep processing products was 1.328 million tons, an increase of nearly 20% year-on-year [1] - The export situation in the second half of the year will be a key factor in determining the supply-demand landscape; optimistic scenarios could offset demand declines, while pessimistic scenarios could increase inventory pressure [1] - The industry is unlikely to resolve the supply-demand imbalance before significant capacity exit or positive demand growth occurs [1]