PV stocks generally weakened. As of press release, Xinyi Solar (00968) fell 3.95% to HK$5.11; Xinyi Glass (00868) fell 3.52% to HK$9.86; and Xinyi Energy (03868) fell 3.28% to HK$1.18.
The Zhitong Finance App learned that PV stocks have generally weakened. As of press release, Xinyi Solar (00968) fell 3.95% to HK$5.11; Xinyi Glass (00868) fell 3.52% to HK$9.86; Xinyi Energy (03868) fell 3.28% to HK$1.18; Follett Glass (06865) fell 3.02% to HK$15.4; Fuyao Glass (03606) fell 2.75% to HK$46.
According to the news, the US Department of Commerce recently announced the initiation of anti-dumping and countervailing investigations against crystalline silicon photovoltaic cells imported from Cambodia, Malaysia, Thailand and Vietnam (whether assembled into components or not). The agency believes that the double anti-investigation and the imposition of tariffs have a greater impact on the exports of products from Chinese companies' bases in Southeast Asia. It may be necessary to fill the gap by transferring exporting countries, and the impact on current downstream supply and demand in the US market is small in the short term.
In addition, according to the latest quotation on the Infolink Consulting website on May 16, the average price of compact materials was 42 yuan/kg, down 4.5% from month to month; on the silicon wafer side, the average price of P-type 182/210 silicon wafers was 1.40 and 1.90 yuan/piece, respectively, down 9.7% and 5.0% month-on-month; the average price of N-type 182/210 silicon wafers was 1.25 and 2.00 yuan/piece, respectively, down 10.7% and 9.1% month-on-month. Haitong Securities pointed out that the price of photovoltaic products has continued to drop since April. According to the Silicon Industry Branch, the current price of silicon materials has broken through the cash costs of most companies, and leading silicon wafer companies have drastically reduced their operating rates. The bank believes that prices in the industrial chain have bottomed out or not far away.