SMM

According to SMM statistics, PV module production in China in December was down 8.85% MoM at 45.3GW. Scheduled PV module production kept dipping in China. Global PV module inventory still exceeded 100GW. Weighed down by issues such as policies, electricity prices and land, downstream installation demand in December fell short of expectations. Market sentiment remained pessimistic. In January, scheduled PV module production will plummet to be less than 40GW.