Solar glass provider profits topped US$1.25 billion in 2020, but sudden price falls loom
By Carrie Xiao
Prices for glass have remained high early in 2021. Image: AGC.
After witnessing solar prices stabilise and cell prices fall last week, glass prices have also started to contract. After taking off in H2 2020, the solar glass market would appear to now be gradually cooling off.
The latest glass price monitoring updates released by EnergyTrend showed that the current price for 2.0mm coated PV module glass was RMB31/㎡ (US$4.73), down 6.06%. The price of 3.2mm glass was RMB40/㎡ (US$6.11), down 6.98%.
Players throughout the PV supply chain who had suffered at the hands of continuously rising prices were feeling somewhat relieved by the price reduction. Excessive demands in H2 2020 had spurred the price of solar glass to rise by over 70%. Confronted by such scarce glass supply, module manufacturers were at a loss.