SMM

In November, domestic PV glass production continued to decrease, down 8.4% MoM from October. The operating rate of domestic PV glass producers decreased in November, mainly due to weakened demand from modules, which led to a more cautious supply sentiment among glass producers. Cold repair capacity increased during the month, with leading enterprises reducing daily melting capacity by 3,000 mt/day, and further reductions are expected. In December, nearly 5,000 mt/day of daily melting capacity is expected to undergo cold repair, and PV glass production is expected to continue to decrease.