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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.
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.
Do Fuyao Glass Industry Group's (SHSE:600660) Earnings Warrant Your Attention?
[Brokerage Focus] UBS Group holds a cautious attitude towards domestic auto demand in the first quarter of next year, favoring emerging electric vehicle brand Auto Parts suppliers.
Jinwu Financial News | UBS Group stated that as 2024 comes to a close, investors are increasingly discussing automotive demand and price reductions for 2025. The bank holds a cautious outlook on domestic automotive demand for the first quarter of 2025, even though the current incentives for scrapping electric vehicles/plug-in hybrid vehicles (EV/PHEV) may extend into 2025. Compared to joint ventures and overseas suppliers, the bank prefers to choose Auto Parts suppliers associated with emerging electric vehicle brands. Regarding the potential impact of USA tariffs, it is expected that cost-sharing and capacity allocation will partially offset the impact, with broad capacity and leading production.
Pacific Securities: A reversal in the photovoltaic Industry is imminent. Pay attention to three directions.
The Research Reports from The Pacific Securities indicate that with continuous breakthroughs in new markets and new technologies, a new cycle of price parity in solar storage is accelerating its onset, and a reversal in the photovoltaic Industry is imminent, suggesting attention to three directions.
China Automotive Smart Glass Research Report 2024, Featuring Fuyao Glass, AGC, NSG, Saint-Gobain, Xinyi Glass, Shanghai Yaohua Pilkington Glass (SYP Glass), Ambilight, J1 AI Glass and BOE - ResearchAndMarkets.com
102884128 : getting disappointed with this counter. every day drop.