According to the Zhitong Finance app, photovoltaic glass stocks continue to decline, as of press time, Flat Glass (06865) fell 4.65%, to HKD 13.12; Triumph New En (01108) fell 3.52%, to HKD 4.39; Xinyi Solar (00968) fell 3.07%, to HKD 4.22.

On the news front, according to SMM, after the SNEC exhibition, high stock price for glass began to decrease, and this week the price of 2.0mm photovoltaic glass is: 2.0mm single-layer film (15.5-17.0 yuan/square meter); 2.0mm double-layer film (17.0-18.0 yuan/square meter), lowering by 0.5 yuan/square meter. From the supply side, a new kiln was ignited in China in June, involving a capacity of 1000 tons/day, with the previous fired kilns gradually increasing production and gradually increasing the supply of glass, leading to greater supply and demand pressure. SMM believes that glass prices will continue to fall.

Recently, Ping An Securities' research report pointed out that the post-Spring Festival period has brought about a stage of improvement in supply and demand, resulting in a slight increase in inventory and prices. However, since the end of March, production line ignition has accelerated, and by the end of May, domestic daily melting capacity has increased by 14,700 tons to 113,500 tons compared to the beginning of the year. From a yearly perspective, supply and demand may be relatively loose, and the industry's profit improvement logic still needs to be observed. In the medium and long term, the risks in the photovoltaic glass industry apart from the scale of new ignition also need to be focused on, such as the impact of float glass on photovoltaic backplate glass.