9月电视面板行情：短期需求回升，面板价格接近止跌

Core Viewpoint - The panel prices for LCD TVs are stabilizing due to increased demand driven by government subsidy policies and brand manufacturers' inventory preparations, with expectations for prices to remain steady through September [2][4][5]. Demand Side Summary - The reintroduction of the "old-for-new" policy in August has revitalized the market, leading to increased procurement by brand manufacturers in preparation for the fourth quarter sales season [5]. - The demand for mainstream panel sizes (32" to 65") has stabilized, while the price decline for larger panels (75" and above) has started to narrow [5]. - Domestic market inventory is nearing the end of the replenishment period, while international markets continue to support demand, contributing to price stability [5]. Supply Side Summary - Major TV brands have increased their procurement orders, resulting in a projected 6.7% year-on-year growth in panel shipments for August, with high-generation line utilization rates around 80% [6]. - The supply side is expected to adjust capacity utilization to approximately 85% in response to rising order demands, with a projected 5.1% year-on-year growth in panel shipments for the third quarter [6]. - The overall supply-demand balance is improving, leading to a stabilization of LCD TV panel prices [6][7]. Price Dynamics - As of September, most panel prices are expected to remain stable compared to August, with specific prices for various sizes remaining unchanged [7]. - The price for 98" ultra-large panels is expected to decline by $5 to $470 due to weaker demand [7]. - The overall market is showing signs of stabilization, with expectations for comprehensive price stability by the end of the third quarter [7].