"SMM Silicon Photovoltaic Morning Meeting Summary: Expected Reduction in Cell Production, Glass Prices Fall Due to Inventory Pressure

Recently, demand for PERC cells has been sluggish, with poor order placement for cell manufacturers and plans for further production cutbacks at large and medium-sized companies. Some small factories have also stopped production on their PERC cell lines. Topcon's market demand has increased this month, with a high operating rate for N-type cells, but the pace of new cell factory openings has slowed due to a lack of orders. The basic pricing period for December is coming to an end. During the negotiation period, changes in glass manufacturing costs have led to stronger-than-expected price support, resulting in an extended negotiation period. However, due to weakened downstream demand and increased inventory of their own products, prices for December have continued to decline. The mainstream market trading price for 2.0mm glass is 16.8-17.0 yuan/square meter, with some local minimum transaction prices falling to 16.5 yuan/square meter. Glass companies have shown a strong willingness to make concessions in order to sell their products."