CINNO Research released a report, in the panel factory continued for several months of low crop rate, control supply, digestion of inventory, LCD TV panel prices finally ushered in the bottom, however, this does not mean that the panel price this smooth return to the up cycle.
The report points out that, on the one hand, agents and small factories still have an unknown amount of inventory affecting the market judgment of supply and demand, on the other hand, the panel factory orders vary greatly, in the downstream demand is not restored when the first to raise prices of panel factories will face the risk of order loss, so the panel factories are quite cautious about raising prices.
From the supply situation, data show that the average crop rate of the global panel factory in September fell to less than 60%. The average crop rate of domestic LCD panel makers was also further reduced to 68.4%, of which the average crop rate of G10.5 / G11 high generation line was only 65.8%.
CINNO Research said that this indicates that panel makers in September is still more determined to control the supply. However, this low crop situation is difficult to maintain for a long time, some manufacturers urgently need to boost the crop rate to protect the annual revenue performance. Due to the risk of blind price increase lost orders, part of the panel factory look forward to industry-wide concerted price action, however, another part of the panel factory hands also have new production capacity waiting to come online, can not be left vacant for a long time. Therefore, the panel industry in the coming period is still in a state of obvious overcapacity, for the price recovery constitutes a considerable resistance.
In addition, CINNO Research forecasts, October LCD TV panel prices than in September basically flat, some specifications have the intention to rise. 32 “LCD TV panel prices are expected to rise slightly by $ 1, to $ 26. 43” supply situation is relatively tight, the price adjustment or up to $ 2, to $ 44. The rest from 50 “~ 75” panel prices are maintained with the same level in September, the price game between supply and demand is still in progress.
