Photovoltaic glass products increase in both quantity and price

The future of photovoltaic glass lies in increasing its commercialization deployment to reduce costs and improving a combination of efficiency and transparency. The market for Building-Integrated Photovoltaic (BIPV) solutions has entered an interesting stage, already shifting from early-adopters to a wide range of customers and markets.

The average price of 2.0 mm solar glass increased CNY1 to CNY 13.5 per square meter, up 8% from last week. Meanwhile, 3.2 mm solar glass climbed CNY 2 to CNY 22.5 per square meter, a 9.8% rise. Xinyi Solar has reported CNY 21.92 billion of full-year revenue for 2024, down 9% year on year.

The increase in demand drives the increase in glass demand, and inventory gradually declines, expected to drop from about 4 weeks at the end of February to around 20 days by the end of March. Material Prices Decline, Inventory Reduction Expected to Increase Price .

The glass capacity in 2021, 2022, and 2023 was 46,000, 81,000, and 105,000 tons, with a year-on-year increase of 35+%, 70+%, and 30+%. As of now, the domestic glass capacity is about 99,000 tons, plus 5,850 tons overseas. In Q1 2024, the industry added 3,100 tons of new capacity and 650 tons of resumption.

As of now, the domestic glass capacity is about 99,000 tons, plus 5,850 tons overseas. In Q1 2024, the industry added 3,100 tons of new capacity and 650 tons of resumption. Considering about 3,500 tons of repair, the actual increase in Q1 is limited. Q2 is expected to increase, with capacity expected to be concentrated in Q3-4.