A CINNO Research report shows that in order to curb the disorderly decline in LCD panel prices, the average utilization rate of three domestic panel manufacturers, BOE, CSOT, and Huike, has dropped below 70%.
The report pointed out that the current LCD TV panel inventory level of several major panel manufacturers has dropped to about 3 to 3.5 weeks, and the inventory backlog problem has been significantly alleviated. Therefore, the decline in LCD panel prices in September slowed down significantly, and the decline was in line with previous expectations.
CINNO Research said that although the traditional peak season in the second half of the year has now arrived, due to the strong negative effects of international inflation and other factors, it is still difficult to see a recovery in demand in the short term. On the other hand, due to the addition of new production lines and the completion of production lines to increase production capacity, the capacity area of panel factories is expected to increase by 13%-15% next year. Therefore, maintaining low operation and stabilizing prices as soon as possible during the year has become the mainstream operation at present.
In addition, the report said that the price decline of panels of all sizes in August was in line with the previous forecast, indicating that the panel factory's strategy of reducing operation is effective. It is expected that September 32”-65” will maintain a slight decline of 1-2 US dollars, 75” will be significantly narrowed, and it is expected to bottom out in the fourth quarter.
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