1. Market analysis: Strong demand, rising
market As of September 22, the national average price of 3.2mm photovoltaic glass was 27.69 yuan/㎡, an increase of 7.20% over the previous month; The average price of 2.0mm PV glass in China was RMB19.83/㎡, representing a month-on-month increase of 9. On the one hand, the price of soda ash in the upstream increased, which led to an increase in the cost pressure of PV glass; on the other hand, the demand for installed capacity in the downstream was strong, while the PV glass was basically destocked, resulting in limited production capacity in the month. PV Figure 1: National PV Glass Price Trend (yuan/㎡)
Data Source: Digital New Energy DataBM.com0 HTML0UNK 8 From 17 sample provinces and cities 3. Within a month, the price of photovoltaic glass in Hebei Province rose sharply, with an increase of 16. Chongqing, Henan, Fujian and other provinces rose between 5% and 10%; Jiangsu and Guangdong provinces rose by 4.9% and 3. Sichuan Province 3. See Figure 2 for details. 0 HTML0 UNK9 Figure 2: China's 17 provinces and cities 3.2mm PV glass price month-on-month change (%) 0 HTML0 UNK1 0 Number 0 HTML0 UNK1 1 Source: Digital New Energy DataBM.com0 HTML0 UNK1 2 2. Increase by 19.1% on a month-on-month basis; other provinces and cities 2. See Figure 3 for details. 0 HTML0 UNK1 3 Figure 3: Prices of 2.0mm PV glass in 17 provinces and cities in China Month on Month Change (%) 0 HTML0 UNK1 4 Number 0 HTML0 UNK1 5 Source: Digital New Energy DataBM. The installed capacity of solar power was about 510 million kilowatts, an increase of 44.0% over the same period last year. HTML 0 UNK1 From June to August, the newly installed photovoltaic capacity in China was about 113.16 GW, an increase of 154% over the same period last year. The month-on-month growth rate was 137. Affected by factors such as the decline in the price of PV modules and the improvement in the economy of investment in PV power plants, the demand for downstream PV installations was strong. 0 HTML0 UNK1 7 Figure 4: Newly installed PV capacity 0 HTML0 UNK1 8 Data 0 HTML0 UNK1 9 Source: Digital New Energy DataBM.com 0 HTML0 UNK2 0 By the end of September, the module price had dropped to around 1.21 yuan. 182 and 210 fell 2.42% and 2% respectively from the previous month. Component prices are still falling, but the decline has narrowed. 0 HTML0 UNK2 1 Figure 5: PV module prices continue to fall (RMB/W) 0 HTML0 UNK2 2 Number 0 HTML0 UNK2 3 According to source: Digital New Energy DataBM. During the month, 2 new production lines were ignited and put into production, with a daily financing volume of 2200 tons, and the supply increased during the month. One new project is proposed to be added, and Nanjing Xinning Yao Glass Technology Co., Ltd. is planning to build a photovoltaic glass production project. 0 HTML0 UNK2 4 Table 1: Statistics of Photovoltaic Glass Production Line Commissioning Projects in September 0 HTML0 UNK2 5 Table 2: Statistics of Photovoltaic Glass Production Line Proposed Projects in September 0 HTML0 UNK2 6 Number 0 HTML0 UNK2 7 Source: Digital New Energy DataBM.com 0 HTML0 UNK2 8 III. Industry dynamic tracking 0 HTML 0 UNK2 91, operation of photovoltaic glass from January to August 0 HTML 0 UNK3 On September 20, the Ministry of Industry and Information Technology released the operation of photovoltaic rolled glass industry from January to August 2023. From January to August, the cumulative output of photovoltaic rolled glass was 15.94 million tons, an increase of 65.5% over the same period last year, of which the output in August was 2.22 million tons. From January to August, the average price of 2 mm and 3.2 mm photovoltaic rolled glass was 18.4 yuan per square meter and 25.6 yuan per square meter, which decreased by 12.2% and 6% respectively, of which the average price in August was 18.2 yuan per square meter and 25.3 yuan per square meter. Year-on-year decrease of 11.7%, 5.0 HTML0 UNK3 12. Flat Chairman Ruan Hongliang: There is no overcapacity in the PV glass market 0 HTML0 UNK3 On the afternoon of September 15, Flat, the leader of PV glass, held a semi-annual performance presentation for 2023.At the meeting, Ruan Hongliang, chairman of Flat, said in response to questions from investors that the current photovoltaic glass market as a whole is a match between supply and demand, there is no problem of overcapacity, the company's existing capacity is 2.
In addition, for the promising perovskite photovoltaic technology and supporting TCO (transparent conductive film) glass research and development, Ruan Hongliang said. The development of perovskite technology is in the early stage, and the laminated technology does not adversely affect the photovoltaic glass. The company has the relevant technical reserves for the TCO glass used in the single junction technology.
Four, this month's market forecast: the market continued to rise
, the fourth quarter ushered in the peak season of installation, photovoltaic glass market continued to rise. On the supply side, there is no high inventory pressure on the supply side of photovoltaic glass in September, and it is expected that the number of ignition and production projects will increase in October. On the demand side, the increase in the market share of double-glass modules and the high demand for installed capacity will drive the consumption of photovoltaic glass. Overall, the photovoltaic glass market will continue to rise in October.
浙公网安备33010802003254号