According to SMM statistics, domestic PV module production in November was approximately 49.7GW, down 1% MoM. Global module stocks remained high. Moreover, second- and third-tier PV module makers were mostly in a loss. Under this circumstance, the operating rate of PV module inched down. At present, participants were in strong bearish sentiment. Scheduled PV module production will keep dipping to around 45GW in December.
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