CINNO Research·2025-06-16 03:25Core Viewpoint - The mobile display panel market continues to show structural differentiation, with a-Si panels benefiting from stable demand in the mid-to-low-end market, LTPS panels driven by automotive display applications, and flexible AMOLED panels experiencing a slight decline in demand due to adjustments in terminal brand procurement rhythms [2][3][4]. Group 1: a-Si Panels - The demand for a-Si panels remains strong, driven by the "6.18" mid-year promotional stocking needs, leading to full-capacity operation of main production lines [4]. - After a brief price increase due to supply-demand tightness in the South China market, prices have stabilized, and module prices for brand customers remain steady [4]. Group 2: LTPS Panels - LTPS panels are benefiting from rapid growth in the automotive display market, with major manufacturers like BOE and Tianma maintaining full production capacity, expected to continue until the end of 2025 [4]. - However, in the smartphone sector, the trend of mid-to-high-end models shifting towards AMOLED has resulted in weaker demand for LTPS panels, keeping prices at low and stable levels [4]. Group 3: AMOLED Panels - As domestic smartphone manufacturers accelerate their shift to flexible AMOLED, demand for rigid AMOLED is contracting. Samsung Display has implemented price cuts to stimulate demand, but market feedback has been lukewarm, limiting the effectiveness of these price reductions [4]. - Some flexible AMOLED production lines have slightly reduced from full capacity, with expectations of minor price adjustments in June to maintain operational levels. However, a stable price floor will be upheld, and with the traditional peak season approaching in Q3, production rates are expected to rebound, with potential slight price increases for certain scarce specifications [4][5]. Group 4: Price Forecast - CINNO Research predicts that a-Si panel prices will remain stable in June and July 2025, while LTPS panel prices are expected to stay stable in the short term. Rigid AMOLED panel prices are also anticipated to remain stable, with flexible AMOLED panel prices expected to stabilize after a slight decline in June [5].