In October, weakening cost-drivers stabilized photovoltaic glass prices

Since September, the previously escalating price of soda ash has plateaued due to increased production from major domestic factories. This boosted supply and eased market tension, stabilizing prices. By late September, the high price of soda ash in East China began to drop, weakening the impact on rising glass costs.

In October, Chinese photovoltaic glass companies' prices remained stable. The current price for 2.0mm photovoltaic glass is 18.5-20.0 yuan/square meter, and for 3.2mm it's 26.5-28.0 yuan/square meter, unchanged MoM. Top-tier companies in Anhui are pricing 2.0mm and 3.2mm photovoltaic glass at 19.5 yuan/square meter and 27.5 yuan/square meter, respectively.

October's photovoltaic glass prices are held at September's level due to two factors. Firstly, weakening soda ash prices, evidenced by falling futures prices, reduces cost support for glass. Secondly, strong domestic PV module production, with SMM statistics showing a planned output of 52GW in October, supports demand. These factors together stabilize October's glass prices. SMM predicts a potential October drop in photovoltaic glass prices due to decreasing glass costs and limited downstream module profits, reducing the acceptance of high auxiliary material prices. However, Q4 could see increased prices. This is due to the anticipated demand surge in the peak season of PV installation, potential natural gas price increases with the heating season, and possibly insufficient supply from slow photovoltaic glass production capacity growth. These factors might slightly tighten supply-demand and drive up Q4 glass prices.