Solar glass makers expecting slide in prices after record-breaking 2020

Apr 6, 2021 07:58 PM ET
  • Producers of solar glass are anticipating ordinary asking price to fall over the program of 2021 as even more ability comes onstream, yet high rates last year helped send revenues rising.
Solar glass makers expecting slide in prices after record-breaking 2020
Image: Almaden/Trina Solar

Analysis performed by PV Tech of monetary outcomes of glass companies such as Xinyi Solar, Flat Glass Luoyang Glass located that earnings as well as earnings soared year-on-year, with Luoyang specifically videotaping a six-fold boost in internet revenue.

Xinye Solar, the marketplace leader in solar glass, tape-recorded a 35% jump in revenue to RMB103.99 billion (US$ 15.8 billion) last year, adding to a close to 89% leap in internet revenue to RMB38.4 billion (US$ 5.86 billion).

Most solar glass suppliers notched record-breaking monetary performances in 2020 as solar glass rates jumped as need overtook supply. Entering into H2 2021, nevertheless, rates are expected to fall back below RMB30 (US$ 4.58) per load from an existing high of around RMB43 per ton.

Supply chain restraints, specifically around solar glass and polysilicon, have arisen because the latter half of last year with need for resources spiking as greater solar wafer, cell as well as module assembly capability comes onstream. In November last year significant component manufacturers lobbied for the Chinese government to step in asserting rates for solar-grade glass were "uncontrollable" after greater than doubling in four months. At the time, some small-scale component providers were said to have actually been estimated prices as high as RMB50/ton.

It triggered a suite of brand-new policies targeted at bringing new ability online to deal with the shortage, nonetheless in the temporary supply is expected to continue to be constricted and also, consequently, solar module rates have started to slip up.