Breaking the "involutionary" competition! The two major photovoltaic leaders announce "production reduction and control of output."

Tongwei Co.,Ltd's subsidiary Yongxiang Co. and Daqo Energy have a total production capacity of over 1.2 million tons. Analysts expect that this production cut will reach at least 0.8 million tons, leading to a significant decline in silicon material output from December to January. Despite the production cut being initiated, the current Industry still faces considerable inventory pressure.

wallstreetcnDec 24 19:33 ET

The photovoltaic Industry is currently undergoing a "de-involution"! Tongwei Co.,Ltd and Daqo Energy have both announced production cuts and maintenance.

① Both Tongwei Co.,Ltd and Daqo Energy are signatories of the photovoltaic industry self-discipline agreement. According to the self-discipline agreement, photovoltaic companies will begin to manage production capacity starting next month (January 2025). ② Analysts believe that adjusting the overall industry capacity utilization rate to the Range of 50%-60% can basically match the demand for polysilicon in 2025, preliminarily achieving a supply-demand balance.

cls.cnDec 24 09:01 ET

Xinyi Glass Holdings Shifts Financial Reporting to Renminbi

TipRanksDec 24 06:07 ET

Does Xinyi Glass Holdings (HKG:868) Have A Healthy Balance Sheet?

Simply Wall StDec 20 02:54 ET

Xinyi Glass Holdings Announces Marine Transportation Agreement

TipRanksDec 17 05:37 ET

[Brokerage Focus] China International Capital Corporation indicated that the price of Float Glass is recovering, but the pace of cold repairs is slowing down.

Golden Eagle Financial News | China International Capital Corporation stated that the prices of float Glass are recovering, but the pace of cold repairs is slowing down. From January to November, the national flat Glass production was 0.91 billion boxes, an increase of 3.2% year-on-year; in November, the monthly flat Glass production decreased by 5.6% year-on-year and dropped by 1.3% month-on-month. Since November, the southern market has been at the tail end of the peak season. Driven by positive policy expectations impacting downstream restocking, the tax-inclusive average price of float Glass has recovered to 1430 yuan/ton, which is an increase of 160 yuan/ton compared to October, and corporate profits have also improved significantly. However, the pace of cold repairs has also slowed down; as of mid-December, the daily melting capacity of float Glass was 0.1596 million tons.

金吾财讯Dec 17 01:20 ET