SMM

According to SMM statistics, the production of PV film in China is expected to decrease by 3.73% MoM in December. Most companies will reduce their production, while some are expected to remain stable production. The main reason for the production decline is the slowdown in the production schedule of modules, leading to reduced demand. Additionally, the production of PV film in overseas markets is also showing a downward trend, particularly in Vietnam and Thailand. This is mainly because the capacity of Chinese module companies in these regions has almost stagnated, and the current production is primarily for export to module companies in the US, Turkey, and India.