Photovoltaic glass price increase signal has appeared supply and demand show tight balance

According to SMM, as of April 1, 2.0mmphotovoltaic (e.g. cell)Glass price of 17.5-18.5 yuan / square meter, 3.2mm glass price of 27.0-27.5 yuan / square meter, the mainstream transaction price of 18.0, 27.0 yuan / square meter, the average price of 1.85 yuan / square meter, respectively, compared with last month, 1.5 yuan / square meter. This price increase was mainly driven by the tight supply and demand pattern and the continuation of inventory depletion.

April glass price increase landing, glass or usher in a new round of price increase cycle. Supply side, it is expected that in 2024 the glass new capacity is limited, will be concentrated in the head, and more than the second quarter to the third quarter of production, climbing will continue to the fourth quarter, to the end of the nominal production capacity of about 120,000 tons / d, the actual effective daily melting capacity of about 110,000 tons / d, and a number of production lines there is the possibility of cold repairs; Demand, 2024, January-Februaryphotovoltaic (e.g. cell)Installation ushered in the opening of the door, PV installed 36.72GW, a year-on-year increase of 80%, with the industry into the peak season, the component in good orders, the first and second tier enterprises to start more than concentrated in the 80% or so, production is expected to continue to rise, according to the SMM is expected to produce in April is expected to reach 60GW.

In addition, the cost side, as of April 1, the upstream soda ash prices have been at a lower level, is expected to 2024 is still in the oversupply stage, there is room for further decline; with the end of the heating period, the main fuel natural gas prices have been high down, a comprehensive view of the cost of photovoltaic glass is still improving the space, prices are expected to go up, favorable profitability elasticity continue to release.

Huafu securities said, as of April 1, heavy soda ash price of 20.5 million yuan / ton, the upstream soda ash prices have been at a lower level, is expected to 24 years is still in the supply of excess supply stage, there is room for further decline; with the end of the heating period, the main fuel prices of natural gas has been a high level of decline, a comprehensive view of the cost of photovoltaic glass is still room to improve prices are expected to move up, favorable profitability elasticity continue to release.

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