4月手机面板行情：手机面板市场持续分化

Core Viewpoint - The article discusses the differentiated trends in mobile display panel prices as of May, highlighting the performance of a-Si panels due to a recovery in the smart terminal market, while LTPS production lines maintain high utilization rates driven by growing demand in automotive displays. However, some flexible AMOLED production lines have seen a slight decrease in utilization due to U.S. tariff policies and price reduction requests from terminal manufacturers [2][3][4]. Summary by Sections a-Si Panels - Demand for a-Si panels continues to grow, supported by strong demand from tablet and laptop products, with main production lines operating at full capacity. In the South China market, manufacturers have slightly increased mobile product prices to capture capacity, but module prices offered to brands have not risen, indicating strict cost control by brand clients [3][4]. LTPS Panels - The sustained growth in automotive display demand has kept major manufacturers like BOE and Tianma's LTPS production lines fully loaded, with Tianma's LTPS lines expected to remain at full capacity until the end of the year [4]. AMOLED Panels - Due to adjustments in product strategies by domestic mobile brands, demand for rigid AMOLED has been shrinking, leading manufacturers to accelerate the shift towards flexible AMOLED. Some flexible AMOLED production lines have experienced a slight decrease in utilization, and terminal manufacturers are requesting price reductions due to U.S. tariff impacts. To maintain production line utilization and secure more orders, some flexible AMOLED products (like LTPO types) have seen slight price reductions, although the lowest-priced products have not further decreased in price to protect profit margins [4][5]. Price Forecast - CINNO Research predicts that in May and June 2025, a-Si panel module prices will remain stable, LTPS panel prices will also stay stable in the short term, and rigid AMOLED panel prices are expected to remain stable. However, prices for some flexible AMOLED products may decrease slightly, while overall prices are expected to remain relatively stable [4].