Substantial Reduction in 2.0mm Photovoltaic Glass Prices: Uncovering the Reasons Behind   

Secondly, since mid to late June, there has been a noticeable decrease in the demand for photovoltaic glass. Despite the relative high levels of module scheduling, actual output has seen a significant decrease.  SMM statistics for June show that domestic module production scheduling was around 41GW, but actual output only reached 38GW. This substantial decrease has led to a clear reduction in glass demand. However, the reason for the greater price reduction in 2.0mm products compared to 3.2mm products this month is as follows.

As can be seen from the above, since the start of 2023, the primary focus for domestic photovoltaic glass manufacturers has been the production of 2.0mm models. The constant decrease in the shipment volume of 3.2mm glass can be primarily attributed to the fact that in recent years, end-user power stations have largely demanded double-glass modules, which has in turn caused a continuous weakening demand for 3.2mm glass. As a result of these factors, module manufacturers have predominantly purchased 2.0mm glass, thus encouraging glass manufacturers to ramp up their production of 2.0mm glass. However, due to the reduction in module demand in June, downstream procurement has started to decrease. Given the unique nature of glass furnaces and the prior predominance of 2.0mm glass production, glass manufacturers are experiencing an increasing accumulation of 2.0mm glass inventory. According to a certain Anhui glass company, their 2.0mm inventory accounts for about 80% of the total inventory. Given the high inventory and low demand, glass companies have been compelled to lower their prices for 2.0mm glass this month. In an attempt to increase sales volume, they offered lower prices which resulted in a significant drop in the price of 2.0mm glass this month.

Looking forward, SMM predicts that August prices will not exhibit a strong upward trend. Although recent transactions have shown some improvement, given the glass costs and the off-season demand of module companies, glass prices will inevitably be suppressed, making it difficult for prices to rise in August.

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