The company has temporarily stopped operations at some of its solar glass production facilities, to manage inventory levels more effectively amid the demand-supply imbalance in the market, due to which it recognized an impairment loss of RMB 392. 9 million ($54. 1 million) last. . (Yicai) Sept. 5 -- Major Chinese producers of photovoltaic glass confirmed that they are idling furnaces to reduce output in response to a severe supply glut, but industry insiders are unsure whether this will be enough to restore the balance to supply and demand. Listed solar glass manufacturers. . Recently, China's photovoltaic glass market has received important news. In order to deal with the current imbalance between supply and demand and overcapacity in the market, the top ten photovoltaic glass manufacturers including Xinyi Solar and Flat Glass Group held an emergency meeting and. . PVTIME – The reform of the photovoltaic solar market, mainly driven by the extremely low prices and overcapacity of raw materials, had created challenges for all manufacturers in the supply chain, even though the growth rate of renewable capacity was the fastest in the past two decades. Many of the. . Current solar photovoltaic (PV) installation rates are inadequate to combat global warming, necessitating approximately 3. 4 TW of PV installations annually. This would require about 89 million tonnes (Mt) of glass yearly, yet the actual production output of solar glass is only 24 Mt, highlighting a. . Overcapacity and low prices in the PV sector have already resulted in polysilicon production cuts among major producers such as Tongwei and Daqo New Energy, to alleviate the downward pressure in the market at the end of 2024. Zheng Tianhong, an analyst at Shanghai Metals Market (SMM), indicates that export restrictions and the growth of overseas production will reduce China's market share from 93% in 2023 to 90% by 2025.
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