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% ...

| 应用别 | 尺寸 | 分辨率 | 出货型态 | | | 液晶显示屏价格下旬预测 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 低 | 高 | म्त्रीश | 与前月差异(%) | | | 电视 | 65"W | 3840x2160 | Open-Cell | 173 | 182 | 177 | 0.0 | 0.0% | | | રેર "W | 3840x2160 | Open-Cell | 122 | 130 | 127 | 0.0 | 0.0% | | | 43"W | 1920x1080 | Open-Cell | 64 | 67 | 66 | 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% | | | 23.8"W (IPS) | 19 ...

【TrendForce】 4 月7日，TrendForce集邦咨询公布最新面板价格预测。具体来看：电视面板价格与 笔电面板价格 预期持平，显示器面板价格则延 续上涨趋势。 电视面板 TrendForce研究副总范博毓指出，显示器面板在4月份仍维持3月份动能，面板价格延续上涨趋势，面板厂仍希望透过这一波的需求增强，持续改善 亏损的状况。 不过4月2日对等关税措施宣布后，部分品牌客户开始针对整机成品暂停拉货，是否会开始影响到对面板需求与价格的趋势，仍待观察。 以4月份的显示器面板价格来看，Open Cell面板预计上涨0.3美元，面板模组中，21.5吋FHD预计上涨0.2美元，23.8吋FHD预计上涨0.3美元，27吋 FHD预计上涨0.2美元。 笔电面板 笔电面板在4月份后，因为对等关税措施实施后，品牌客户对后续展望混沌不明状况下，仅能在4月9日关税生效前加强透过空运出货，但4月9日后 整体需求可能会出现下修的风险，进而影响到对面板的需求。 在后续发展不确定性高之下，面板厂目前对面板价格的想法较偏观望，后续走势仍须看需求变化而定。以4月份的笔电面板价格来看，目前预估仍 维持全面持平态势。 TrendForce研 ...

【TrendForce】 3月20日，TrendForce集邦咨询公布最新面板价格。具体来看：预期需求走弱，电视面板价格涨势收敛；显示器面板有望全面涨 价，且涨幅稍扩大；笔电面板价格仍持平。 电视面板 TrendForce集邦咨询研究副总范博毓表示，3月份电视面板需求目前虽然仍稳定，但以北美终端市场来看，在超级杯销售结束后，2月份起需求就开 始走弱，加上关税的不确定性高，有可能导致消费趋向保守。 国内虽有以旧换新政策的带动，但政策带动的需求已逐渐出现钝化的效应，加上自4Q24至1Q25，品牌客户持续维持高采购动能，导致目前品牌的 终端库存水位都有偏高的趋势，对于第二季面板需求可能下滑的杂音已经出现。 面板厂当然已经意识到这样的风险，因此持续讨论需要执行产能调控的可能时间点与幅度，以希望维持住整体供需状态稳定。 不过就目前观察，在预期需求走弱的态势下，电视面板价格的涨势有开始收敛的迹象。以3月份的电视面板价格走势来看，32吋预估上涨0.5美元。 43吋预估上涨1美元。50吋持平，55吋，65吋与75吋皆上涨1美元。 显示器面板 整体而言，以3月份的显示器面板价格走势来看，Open Cell面板预估上涨0.2~0 ...