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Daiwa Negative on CN PV Industry, Reiterates Underperform for FLAT GLASS/ XINYI SOLAR
2025-07-04 10:15:23
The average price of 3.2mm PV glass has fallen for eight consecutive weeks, while the average price of 2mm PV glass has remained flat, according to Daiwa's research report.

The average inventory days for the PV glass industry rose by 6.8% WoW to 34.62 days, representing the 12th consecutive week of increase since April 10 and weakening demand.

Daiwa reiterated an Underperform rating for FLAT GLASS (06865.HK) and XINYI SOLAR (00968.HK). It also adopted a negative outlook on China's PV industry.
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