China's top ten photovoltaic glass manufacturers have announced plans to collectively cut production by 30%, aiming to address the persistent imbalance between market supply and demand. Initially, some companies intended to reduce output by 10%, but given the unresolved supply-demand contradiction, they have now opted to significantly expand the scale of production cuts. As a result, supply is anticipated to drop to approximately 45GW in July.

Industry experts opine that if these production cuts are successfully executed, they will contribute to a rebound in photovoltaic glass prices. However, numerous companies have indicated that they have not yet taken formal action, with some continuing to operate at full capacity. Weak demand has plagued the photovoltaic glass industry for eight consecutive weeks, resulting in gross profit losses, surging inventory pressure, and a continuous decline in prices.

Analysts predict that the industry may witness even larger-scale production cuts in the second half of the year, with the daily melting capacity of photovoltaic glass expected to drop to around 90,000 tons.