As of press release, Follett Glass (06865) rose 5.97% to HK$21.3, Xinyi Solar (00968) rose 5.51% to HK$6.51, and Xinyi Glass (00868) rose 3.03% to HK$8.84.
The Zhitong Finance App learned that PV glass stocks were higher. As of press release, Follett Glass (06865) rose 5.97% to HK$21.3, Xinyi Solar (00968) rose 5.51% to HK$6.51, and Xinyi Glass (00868) rose 3.03% to HK$8.84.
According to the news, according to data released by TrendForce Jibang Consulting on April 3, the price of 2.0mm coated photovoltaic panel glass rose to 18 yuan/㎡, and the price of 3.2mm coated photovoltaic panel glass rose to 26.5 yuan/㎡, up 9.09% and 3.92% respectively from the previous week. “The main reason for the rise in the price of photovoltaic glass is that downstream demand continues to improve. Combined, additional production capacity has begun to be restricted in terms of approval, and the industry is expanding production in a relatively orderly manner. According to this, the price of photovoltaic glass is expected to continue to rise in April and is expected to begin to reverse the current supply situation in the photovoltaic industry.” Qu Bang, an investment advisor at Wanlian Securities, said in an interview.
According to the April 2 research report of Huafu Securities, the volume and price of photovoltaic glass have risen sharply, and costs are falling, and concerns are being released on profit flexibility. As of April 1, the price of upstream soda ash was already at a low level. It is expected that in 2024, it is still in the oversupply phase, and there is room for further decline; with the end of the heating period, the price of natural gas as the main fuel has fallen to a high level. Overall, there is still room for improvement in the cost of photovoltaic glass, and prices are expected to rise, which is beneficial to continued unleashing profit flexibility.