Photovoltaic glass is facing the peak of sustained production

In history, photovoltaic glass was once included in the replacement range of flat glass production capacity. In the second half of 2020, the limited expansion of production capacity was unable to cope with the explosive demand under high landscape conditions, resulting in an imbalance between supply and demand for photovoltaic glass and a skyrocketing price. Under the joint appeal of multiple photovoltaic module companies, in December last year, the Ministry of Industry and Information Technology issued a notice confirming that the photovoltaic rolling glass project does not need to develop a capacity replacement plan. Affected by the new policy, the growth rate of photovoltaic glass production expansion is expected to reach 22250t/d with a clear production plan in 2021, with an annual growth rate of 68.4%.

The proportion of direct materials in the cost structure of photovoltaic glass is about 40%. As one of the important raw materials (accounting for about 25% of the raw material cost), the procurement price of low iron ultra white quartz sand has a certain impact on the cost of photovoltaic glass. In recent years, the price of ultra white quartz sand has been on the rise, with a long-term increase of around 200 yuan/ton in the past. From 2018 to 2019, the increase reached 20%, and since the outbreak of the epidemic in the first quarter of 2020, it has dropped slightly from a high level. Currently, it has maintained stable operation.