Acceleration of downstream installations driving near-term demand for solar glass

■   We hosted an online investors call with Xinyi Solar [0968.HK] regarding an update on the latest industry supply/demand situation of solar glass and comments on activities along the supply chain. 

■   Demand for solar glass has picked up since Jul, given the acceleration of downstream installations. 

■   Chinese government policy is also driving demand for solutions and equipment for energy storage.

■   The pick-up in activity along the solar energy supply chain is expected to boost sentiment on related names, including Xinyi Solar. 

■   Apart from power generation equipment, the energy storage supply chain will benefit.