Both 2020 and 2019 float industry showed a "V" reversal, even in the off-season volume price is not weak, mainly because the 2019 completion demand has entered a centralized release cycle, supply-side policy strictly prohibits new production lines, serious capacity replacement, in fact, float glass has entered the non-capacity expansion cycle.
High kiln-age production line has become a "rolling control valve": it is estimated that after 2016 floating production capacity is basically maintained at around 900 million heavy boxes, while the current point, before 2013 put into operation has not yet been cold-repaired high kiln-age production line a total of 79 total production capacity of 52,000 tons/day, accounting for about 32% of the current production capacity, far more than 26 effective cold repair lines (including indicators of export and auction) of 14,000 tons/day capacity.
After the 2020 outbreak, the world's photovoltaic installation demand recovered, two-glass modules accelerated penetration, but the supply side due to the outbreak and the Ministry of Industry and Information Technology policy restrictions were delayed, the supply of demand-driven photovoltaic glass prices continued to rise in the second half of the year.
If the 2021 part of the ultra-white float to achieve the transfer of photovoltaic module back plate, construction float original supply gap will be magnified, and then continue to push up the float price elasticity, and the transfer of photovoltaic module backplate will also significantly thicken the performance of leading companies.
MIGO understand the situation of our customers very well, glass is going through a storm around the world, and we will find the most direct way to find a price solution. To the best of our est, we are willing to bear the lowest cost of glass orders. Hope you support and understand, have questions please feel free to contact us.
