Group 1 - The mobile panel market continues to show structural differentiation as of the end of Q2, with a-Si panels benefiting from stable demand in the mid-to-low-end market, maintaining high utilization rates [1][3] - LTPS panels are driven by applications in automotive displays, leading to sustained full operation of main production lines, with major manufacturers like BOE and Tianma maintaining high production levels [3] - Flexible AMOLED panels have experienced a slight decline in demand due to adjustments in procurement rhythms by terminal brands after a period of rapid growth [1][3] Group 2 - The demand for a-Si panels remains strong, driven by pre-sale stocking needs for the "6.18" mid-year promotion, with prices stabilizing after a brief increase due to supply-demand tightness [3] - LTPS panel demand remains weak in the smartphone sector due to a clear trend of mid-to-high-end models migrating to AMOLED, keeping prices at low and stable levels [3] - Samsung Display has implemented a proactive price reduction strategy for rigid AMOLED to stimulate demand, but market feedback has been lukewarm, with limited effects on sales [3] Group 3 - Flexible AMOLED production lines have slightly decreased from full capacity, with expectations of moderate price adjustments in June to maintain utilization levels, while a return to high utilization is anticipated in Q3 as the traditional peak season approaches [3]

Core Viewpoint - The panel prices for TVs, monitors, and laptops are expected to remain stable in June 2025, despite some pressures from inventory levels and demand fluctuations [2][4][5]. Group 1: TV Panel Market - TV panel demand has weakened, leading to increased inventory levels since the first quarter. Brands are negotiating for better prices and discounts for the upcoming promotional season [2]. - The expectation for June is that TV panel prices will remain flat, although there is a possibility of slight declines in certain sizes due to ongoing buyer pressure [2][4]. Group 2: Monitor Panel Market - Monitor panel prices have been supported by active procurement from brand customers, but this momentum is slowing as inventory levels rise. The demand for TV panels is also affecting monitor panel pricing [4]. - Most panel manufacturers are cautious about further price increases, anticipating that brand customers will resist ongoing price hikes. Therefore, monitor panel prices are expected to stabilize in June [4]. Group 3: Laptop Panel Market - The demand for laptop panels is currently stable, with brand customers becoming more optimistic about the third quarter compared to earlier in the year [5]. - Despite this optimism, panel manufacturers remain cautious about future demand fluctuations and are unlikely to propose price increases, opting instead for discreet discounts to maintain key customer relationships. Thus, laptop panel prices are also expected to remain stable in June [5].

Core Insights - The panel prices for televisions and laptops remained stable in May 2025, while monitor panel prices saw a slight increase [3][4][6]. Group 1: Television Panel Market - Demand for television panels has shown signs of weakening as brand clients increase their inventory, leading to adjustments in orders and price negotiations with panel manufacturers [4][7]. - Manufacturers are implementing capacity adjustments to stabilize panel prices amid decreasing demand, with expectations of a price standoff between buyers and sellers [4][7]. - Overall, television panel prices are projected to remain flat in May 2025 [4][7]. Group 2: Monitor Panel Market - The monitor panel market is experiencing good demand driven by tariff issues, with some brand clients increasing their stock ahead of the expiration of a three-month tariff exemption [6][7]. - Prices for Open Cell panels are expected to rise by $0.2, with specific sizes like 21.5-inch and 27-inch projected to increase by $0.1, and the 23.8-inch size expected to rise by $0.2 due to strong demand [6][7]. - Despite some urgent orders, the demand remains inconsistent due to varying progress in Southeast Asia, leading to a cautious approach from manufacturers regarding price increases [7].

Core Viewpoint - The global panel market in Q1 2025 experienced complex and dynamic price trends influenced by multiple factors, with television panels showing initial strength but weakening by the end of the quarter, while monitor panels saw a price increase towards the end of the quarter, and notebook panels remained stable throughout [1][19]. Television Panel Price Trends - In January 2025, television panel prices rose due to strong demand driven by China's "trade-in" policy, particularly for large-sized panels, with price increases of $1 for 32-inch and 43-inch panels, $1 for 55-inch, $2 for 65-inch, $3 for 75-inch, and $4 for 85-inch panels [2][3]. - The demand for large-sized panels caused a squeeze on the production capacity of smaller-sized panels, indirectly pushing up their prices [3]. - By March, the market began to cool, with North American demand weakening post-Super Bowl promotions and Chinese policy effects diminishing, leading to a cautious outlook from brand clients due to high inventory levels [3][10]. Monitor Panel Price Trends - Monitor panel prices remained stable in January, with demand holding steady compared to Q4 2024, but began to rise in March as television panel price increases created opportunities for monitor panels [4][6]. - In February, despite being a traditional off-season, monitor panel demand remained strong, leading to a slight price increase of $0 to $0.1 for Open Cell types, while module prices stayed flat [6]. - March marked a turning point with comprehensive price increases for monitor panels, although brand clients remained cautious about future demand and international trade relations [6][10]. Notebook Panel Price Trends - Notebook panel prices remained stable throughout Q1 2025, with no significant changes observed [7][9]. - Despite some brands increasing inventory levels due to international trade issues, most panel manufacturers and brand clients adopted a cautious approach, focusing on maintaining market share and customer relationships [9][10]. Overall Market Dynamics - The price fluctuations in the panel market were influenced by demand-side drivers and constraints, with initial boosts from policies like "trade-in" in China, but diminishing effects over time [10]. - Supply-side strategies and unexpected events, such as the earthquake in Taiwan affecting production, also played a role in market dynamics [10]. - External uncertainties, particularly international trade relations, significantly impacted brand clients' inventory strategies and supply chain management [10][19]. Company Performance - In Q1 2025, several panel companies reported strong earnings, with notable revenue growth from major players like Samsung Display, BOE, and TCL Huaxing, while LG Display, AU Optronics, and others successfully turned losses into profits [11][12][14]. - TCL Huaxing's acquisition of LG Display's Guangzhou LCD line is expected to enhance its market position further [14]. - The performance of leading companies indicates strong resilience and growth potential in a competitive market, despite ongoing challenges faced by some firms [14][19].

Group 1 - The core viewpoint of the article indicates that TV panel prices are expected to remain stable in early May, while monitor panel prices are anticipated to continue rising, and laptop panel prices are expected to stay flat [1] Group 2 - TrendForce's report highlights the stability of TV panel prices in early May [1] - The report suggests a positive outlook for monitor panel prices, indicating a potential increase [1] - Laptop panel prices are projected to remain unchanged, reflecting a stable market condition [1]

Core Viewpoint - The panel prices are expected to remain stable for TV panels, while monitor panel prices are anticipated to continue rising, and laptop panel prices are expected to stay flat [1][6][8]. Group 1: TV Panel Prices - The average price for a 65-inch TV panel is projected to be $177, with a minimum price of $173 and a maximum of $182 [4]. - The average price for a 55-inch TV panel is expected to be $127, with a minimum of $122 and a maximum of $130 [4]. - The average price for a 43-inch TV panel is estimated at $66, with a minimum of $64 and a maximum of $67 [4]. - The demand for TV panels is gradually weakening, leading some brands to request price concessions from manufacturers [6]. - Manufacturers are implementing production cuts, with an estimated average utilization rate adjustment of about 6-7% in May compared to April, aiming to alleviate downward price pressure [6]. Group 2: Monitor Panel Prices - The average price for a 27-inch IPS monitor panel is $63, reflecting an increase of $0.1 or 0.2% from the previous month [7]. - The average price for a 23.8-inch IPS monitor panel is $49.9, showing an increase of $0.2 or 0.4% from the previous month [7]. - The demand for monitor panels remains strong due to tariff issues, which supports the upward price trend [7]. - However, the weakening demand for TV panels may impact the price increase momentum for monitor panels [7]. Group 3: Laptop Panel Prices - The average price for a 17.3-inch TN laptop panel remains stable at $38.3, with a minimum of $37.7 and a maximum of $39.8 [8]. - The average price for a 15.6-inch Value IPS laptop panel is expected to be $40.3, unchanged from the previous month [8]. - The average price for a 14.0-inch TN laptop panel is stable at $26.9, with a minimum of $26.4 and a maximum of $28.1 [8]. - Despite ongoing tariff discussions, the demand for laptop panels has not surged significantly, maintaining a normal pace [9]. - Manufacturers are adopting flexible pricing strategies to secure customer orders and market share, leading to a stable price outlook for laptop panels in May [9].

Group 1 - The core viewpoint of the articles indicates that while demand for TV panels is weakening, panel manufacturers are implementing production cuts to stabilize prices, resulting in overall price stability for May [2] - The LCD monitor panel prices are experiencing a slight increase due to tariff-related demand, with a projected price rise of $0.2 for non-backlit LCD monitor panels in May [2] - The production capacity for laptop panels is not expected to increase significantly in the short term, leading to stable pricing for laptop panels in May, despite ongoing tariff discussions [3] Group 2 - Panel manufacturers are adopting a more flexible pricing strategy to secure customer orders and increase market share, which may lead to different market dynamics for laptop and LCD monitor panels [3] - The average utilization rate in the panel industry is expected to decrease by approximately 6% to 7% in May compared to April, as manufacturers respond to the weakening demand [2] - The anticipated price increase for LCD monitor panels may begin to converge due to the weakening demand for TV panels, which could impact the overall pricing trend [2]

【TrendForce】 4 月21日，TrendForce集邦咨询公布最新面板价格。具体来看：电视面板价格与 笔电面板价格预估全面 持平，显示器面板价格上涨。 | 应用别 | R4 | 分辨率 | 出货型态 | | | 液晶显示屏价格 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | IE | 를 | म्येश | 与前月差异(%) | | | 电视 | ee .. M | 3840x2160 | Open-Cell | 173 | 182 | 177 | 0.0 | 0.0% | | | ER .. M | 3840x2160 | Open-Cell | 122 | 130 | 127 | 0.0 | 0.0% | | | 43"W | 1920x1080 | Open-Cell | 64 | 67 | રિર | 0.0 | 0.0% | | | 32"W | 1366x768 | Open-Cell | 35.0 | 37.0 | 36.0 | 0.0 | 0.0% | | 桌上显示器 | 27"W (IP ...

Core Viewpoint - The panel prices for TVs and laptops remained stable in early April 2025, while monitor panel prices increased. The demand for TV panels showed signs of correction due to increased inventory levels among brand customers and uncertainties in external policy environments, leading to a downward adjustment in orders from most brand clients starting in April [3][5]. Group 1: TV Panel Market - The demand for TV panels has begun to correct, with brand customers increasing their inventory to a certain level, resulting in a downward adjustment of orders starting in April [3]. - The estimated procurement volume for major brand customers in the second quarter is expected to increase by 2% compared to the previous quarter, but this is a significant downward revision from earlier forecasts [3]. - Overall, the TV panel prices are expected to stabilize in April, reflecting a cautious attitude from panel manufacturers aiming to manage supply and demand effectively [3]. Group 2: Monitor Panel Market - The monitor panel prices are benefiting from a temporary exemption from tariffs, prompting some brand customers to actively stock up before the exemption period ends, which supports upward price momentum [5]. - The price increase for monitor panels in April is similar to the growth seen in March, with Open Cell panels rising by approximately $0.2 to $0.3 [5]. - Specific monitor panel sizes, such as 21.5 inches, 23.8 inches, and 27 inches, also experienced price increases of around $0.2 to $0.3 [5]. Group 3: Notebook Panel Market - Despite receiving a temporary tariff exemption, brand customers in the notebook segment have not shifted to an aggressive stocking strategy due to incomplete assembly capacity in Southeast Asia and uncertainties regarding future tariff changes [6]. - The cautious attitude of brand customers is reflected in the overall stability of notebook panel prices in April, with no significant changes expected [6]. - The supply chain remains cautious, as any sudden demand spikes may be constrained by insufficient component supplies [6].

发表日期: 2025.04.21 (单位:美元/片) | 应用别 | प्तचे | 分辨率 | 出货型态 | | | 液晶显示屏价格 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | THE | 를 | 均价 | 与前月差异(%) | | | 电视 | es"..M | 3840x2160 | Open-Cell | 173 | 182 | 177 | 0.0 | 0.0% | | | ER... M | 3840x2160 | Open-Cell | 122 | 130 | 127 | 0.0 | 0.0% | | | 43"W | 1920x1080 | Open-Cell | રવ | 67 | દર | 0.0 | 0.0% | | | 32"W | 1366x768 | Open-Cell | 35.0 | 37.0 | 36.0 | 0.0 | 0.0% | | 桌上显示器 | 27"W (IPS) | 1920x1080 | LED | 57.5 | 65.6 | 62.9 | 0.2 | 0.3% ...