Prices of PV Glass for May Were Released

SHANGHAI, May 8 (SMM) - The prices of photovoltaic glass for May were released. The prices offered by leading and second-tier enterprises remained stable with the mainstream transaction prices of 3.2mm photovoltaic glass stabilising at 25.5-26.5 yuan/square meter. The prices of 2.0mm photovoltaic glass stood at 18.0-19.0 yuan/square meter.

In terms of demand, the demand for photovoltaic glass weakened slightly at the end of April, and the transactions decreased compared with the beginning of April as module companies only purchased as needed. As such, the inventory of PV glass enterprises increased.

According to SMM, the inventory days of a second-tier enterprise increased from 12 days in mid-April to 14 days up to date. The inventory days of leading enterprises increased by 2 days to about 12 days, and the inventory days of some third-tier enterprises exceeded 20 days.

In terms of supply, without the new capacity commissioned, the average operating rate of PV glass producers remained at about 70%, and the output of photovoltaic glass in April will be about 2 million mt.

The photovoltaic glass is in a slight supply surplus as some module enterprises purchased only as needed amid the falling demand. Under the pressure caused by steady supply growth and weak downstream demand, the inventory is rising slowly. But the increase is expected to be limited due to the high planned production of module enterprises.