Report Industry Investment Rating - No relevant content provided Core Viewpoints - With the expansion of the supply-demand gap in the photovoltaic glass industry, the price of the new month is expected to remain stable or decline slightly [2][6] Summary by Directory 1. Photovoltaic Glass Weekly Outlook - **Supply**: A 650-ton kiln was restarted last week, increasing the actual production capacity. The current production capacity is 89,330 tons per day with a utilization rate of 68.32%. Multiple production lines have planned launches, but due to weak market conditions and the off-season in November and December, the plans may be postponed. The Ministry of Industry and Information Technology held a meeting on capacity policies, with no clear conclusion yet [6][10] - **Demand**: At the end of last month, orders were mostly delivered. Currently, there are few new orders, and the sales of photovoltaic glass manufacturers are weak, with a short-term decline in demand expected [6][18] - **Inventory**: The inventory of domestic photovoltaic glass manufacturers increased significantly last week. As demand declines, the supply-demand gap widens, and manufacturers may face high inventory pressure again [6][21] 2. Overview of the Domestic Photovoltaic Glass Industry Chain Data 2.1 Photovoltaic Glass Spot Price - As of October 31, 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 20 yuan per square meter, also unchanged [7] 2.2 Supply End - A 650-ton kiln was restarted last week, increasing the actual production capacity. The current production capacity is 89,330 tons per day with a utilization rate of 68.32%. Multiple production lines have planned launches, but due to weak market conditions and the off-season in November and December, the plans may be postponed. The Ministry of Industry and Information Technology held a meeting on capacity policies, with no clear conclusion yet [10] 2.3 Demand End - At the end of last month, orders were mostly delivered. Currently, there are few new orders, and the sales of photovoltaic glass manufacturers are weak, with a short-term decline in demand expected [18] 2.4 Inventory End - The inventory of domestic photovoltaic glass manufacturers increased significantly last week. As demand declines, the supply-demand gap widens, and manufacturers may face high inventory pressure again [21] 2.5 Cost and Profit End - The profitability of the photovoltaic glass industry declined last week, and the current gross profit margin is about 0.43% [24] 2.6 Trade End - From January to September 2025, China's photovoltaic glass exports increased by 19.7% compared to the same period in 2024. The export of photovoltaic glass remains prosperous, and overseas installation demand is strong [32]