11月电视面板行情: 短期需求走弱，多规格LCD TV面板价格普降

Core Viewpoint - The demand for LCD TV panels is expected to weaken in November due to limited impact from domestic subsidy policies and a calming of the US-China tariff situation, leading to a downward trend in panel prices [1][2][3]. Demand Analysis - Overall demand for panels is declining in Q4, with manufacturers stabilizing mainstream size prices through coordinated production control. As of November, brand stocking has nearly concluded, shifting procurement from urgent to cautious [2][3]. - The domestic "trade-in" policy is also nearing its end, and while there may be some pre-stocking for the 2026 World Cup, the easing of US-China trade tensions has reduced the urgency for stocking [3]. - The comprehensive tariff on Chinese TV exports to the US has decreased to approximately 31.4%, further diminishing the need for urgent stocking [3]. Supply Analysis - As stocking winds down, order volumes are decreasing, prompting leading panel manufacturers to adjust production capacity, maintaining an average utilization rate of around 75% [4]. - The G8.5 and G10.5 production lines are primarily responsible for production control, with significant reductions in utilization rates, which has helped stabilize prices for sizes ranging from 32" to 75" [4]. - However, the G8.6 production line has seen weaker production control, leading to continued price declines for larger panels (85" and above) [4]. Price Forecast - In November, the overall demand for LCD TV panels is expected to weaken, with most panel sizes entering a general price decline. Specifically, prices for 32" and 43" panels are projected to remain stable at $32 and $64, respectively, while prices for sizes from 50" to 85" are expected to drop by $2 each [5]. - The largest panels (98"/100") are anticipated to see a more significant price drop of $10, bringing their price down to $440 [5].