[Photovoltaic Glass Industry Monthly Report] April: Terminal Demand Warms Up, Market Rebound

1. Market analysis:

As of April 28, the national average price of 3.2mm photovoltaic glass was 25.91 yuan/㎡, up 2.05% on a month-on-month basis, and the average price of 2.0mm photovoltaic glass was 18.38 yuan/㎡. In April, the demand for photovoltaic installation was strong, and the market demand for photovoltaic glass improved. PV Chart 1: National PV Glass Price Trend (yuan/㎡)

Figure 2: Month-on-month change of 3.2mm PV glass prices in 17 provinces and cities across the country (%)

Data source: Digital Building Materials Network

is different from 3.2mm. 2. Henan and Hunan, which have a larger decline, have fallen by more than 5%. Hubei, Shanxi and Shaanxi fell between 2 and 3%, while Anhui fell slightly by 0. Only Sichuan rose by 1. Prices in the remaining 10 regions remained unchanged.

Figure 3: Month-on-month change of 3.2mm PV glass price in 17 provinces and cities in China (%)

Figure 4: New PV installed capacity

Data source: Digital Building Materials Network

Figure 5: PV module prices continue to fall (RMB/W)

Table 1: Statistics

of PV Glass Production Line Commissioning Projects in April Table 2: Statistics

of Proposed PV Glass Production Line Projects in April

per share 0.2, Flat's annual output of 2 million tons of photovoltaic glass project settled in Gongxian County

, Sichuan Province on April 23. Sichuan Gongxian and Flat Glass Group Co., Ltd. held the signing ceremony of "Manufacturing Project of Ultra-thin and Ultra-high Transparent Panel and Backplane for Solar Energy Equipment with Annual Output of 2 Million Tons" in Jiaxing City, Zhejiang Province. Vice Mayor Xue Qing attended the signing ceremony, and Liu Yi, Deputy Secretary of the County Party Committee and County Governor, signed the contract with Flat Glass Group Co., Ltd. on behalf of the People's Government of Gong County. The contracted project, with a total investment of 6 billion yuan, plans to build four continuous regenerative horizontal flame furnace production lines with an annual output of 2 million tons of high-performance photovoltaic panels and backplane products with a daily melting capacity of 1600 tons, with an estimated annual output value of 6.5 billion yuan. The annual tax revenue is about 3.

4. Market forecast for this month: The market is stable and declining

. In terms of demand, the PV production schedule in May is stable compared with April, and the demand for PV glass is expected to remain stable. The supply side may increase, and the supply-demand relationship will remain loose. With the release of soda ash production capacity in May, the price is expected to fall, and the cost support for photovoltaic glass is weakened. Overall, the price of photovoltaic glass is expected to decline steadily in May.