Rush for Installations Continues to Support Demand, PV Profile Operating Rate Rises [SMM Analysis]

Published: Mar 14, 2025 14:11

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[SMM Analysis: Rush for Installations Continues to Support Growth, PV Profile Operating Rate Rises] This week, PV profile manufacturers maintained a positive production trend. Leading PV enterprises indicated that from March to April, industry-leading companies would see a significant increase in order volumes, with capacity utilisation rates expected to reach full-load levels. According to the SMM survey, as raw material costs account for over 80%, current cost reduction and efficiency improvement efforts remain focused on reducing raw material weight. However, related enterprises also pointed out that market demand in H2 remains highly uncertain, and future trends will require close monitoring of cost-side price fluctuations and the actual progress of end-user project implementation.

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SMM March 14 News:

PV Aluminum Extrusion:This week, PV extrusion manufacturers maintained a positive production trend. Leading PV enterprises indicated thatMarch-Aprilorder volumes for industry leaders are expected to see a significant increase, with capacity utilisation rates likely to reach full capacity.According to an SMMsurvey, as raw material costs account for over80%, the current primary cost-reduction and efficiency-enhancement measures remain focused on reducing raw material weight. However, related enterprises also pointed out that market demand in H2 remains highly uncertain, and future trends require close attention to cost-side price fluctuations and the actual progress of end-user project implementation.

Material Prices:During the period (2025.3.10-2025.3.14), the average spot price center of aluminum shifted upward.SMM A00weekly average price was20,840yuan/mt, up0.75%from the previous week's average price. Overall, close attention should be paid to changes in US tariff policies and the actual release of downstream demand. If overseas trade frictions escalate further and downstream demand under high aluminum prices falls short of expectations, the upward momentum for aluminum prices may weaken. Next week, the most-traded SHFE aluminum contract is expected to operate within the range of20,700-21,000yuan/mt, while LME aluminum is expected to operate within the range of2,620-2,720US dollars/mt.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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