Photovoltaic glass stocks picked up in early trading. As of press release, Xinyi Solar (00968) rose 3.66% to HK$5.38; Follett Glass (06865) rose 1.93% to HK$17.94; and Fuyao Glass (03606) rose 1.55% to HK$42.65.
The Zhitong Finance App learned that PV glass stocks picked up in early trading. As of press release, Xinyi Solar (00968) rose 3.66% to HK$5.38; Follett Glass (06865) rose 1.93% to HK$17.94; and Fuyao Glass (03606) rose 1.55% to HK$42.65.
According to the news, Ping An Securities released a research report stating that at the industry level, considering that the PV module production schedule is still high in April, glass ignition has increased since March but production capacity will take time to climb. Under tight supply and demand, there is still some room for short-term glass prices to rise. Combined with declining prices of raw materials such as soda ash, the profit of photovoltaic glass has improved. In addition, in the medium to long term, in addition to focusing on the scale of new ignition, we should also pay attention to the impact of float glass on photovoltaic back panel glass.
BOC International said earlier that the rapid removal of photovoltaic glass in March drove prices up 2.9% in April. Coupled with falling raw fuel prices, the industry's profit margin clearly rebounded. However, the bank believes that the industry currently has a large amount of production capacity under construction, and will soon ignite a large amount of production capacity, but it is unlikely that demand will continue to rise sharply at a high base, so the industry will once again be oversupplied in the second half of the year, especially in the fourth quarter. The bank downgraded Xinyi Solar's rating to “neutral.”