SMM Analysis: Rising Production Demand but Inventory Overstock, Photovoltaic Glass New Order Prices Weak and Stable

As the new order negotiation period in March approaches, the prices of most glass companies have temporarily remained stable recently. As of now, the price of 2.0mm single-layer coated glass is 16.0-16.5 yuan/square meter, and the price of 3.2mm single-layer coated glass is 25.5-26.0 yuan/square meter, with mainstream transaction prices at 16.0 and 25.5 yuan/square meter respectively. After the holiday, some glass companies have adjusted their transaction prices downward. As the new order negotiation period in March approaches, although the component production plan is optimistic, the current inventory overstock in glass companies is quite serious, with clear expectations for price negotiation.