The Zhitong Finance App learned that Xinyi Solar (00968) rose nearly 4%. As of press release, it had risen 3.75% to HK$6.37, with a turnover of HK$72.399 million.
According to the news, according to SMM, as of April 1, the price of 2.0mm photovoltaic glass was 17.5-18.5 yuan/square meter, and the price of 3.2mm glass was 27.0-27.5 yuan/square meter. The mainstream transaction prices were 18.0 and 27.0 yuan/square meter respectively. The average price increased by 1.85 yuan/square meter and 1.5 yuan/square meter respectively from the previous month. SMM pointed out that domestic glass prices increased significantly in April, mainly due to the fact that module production schedule continued to rise since March, and module production in April was still close to 60 GW. According to the current domestic glass supply, the balance between supply and demand changed to short supply in that month, glass inventory continued to be stored, and component companies were still overscheduled to stock up in April. The transaction volume is expected to reach 70 GW of glass demand, and supply is further scarce.