Core Viewpoint - The planned production halt by major Chinese LCD TV panel manufacturers during the National Day holiday is expected to stabilize panel prices in October, following a significant impact from last year's holiday production control [1][3]. Group 1: Production Plans and Capacity Utilization - Major Chinese panel manufacturers will take a break of approximately 3 to 7 days during the National Day holiday, which is expected to reduce the overall capacity utilization from around 90% in September to below 80% in October [4]. - The capacity utilization rates for LCD TV panels are projected to be 77% in October 2023 and 79% in October 2024, indicating a slight recovery compared to the 68% utilization in October 2022 [3][4]. Group 2: Market Impact and Price Stability - The production control during the holiday is aimed at adjusting supply and demand dynamics, which is crucial as the holiday marks the beginning of the fourth quarter and is a key preparation period for the "Double 11" shopping festival [5]. - Despite the current price stagnation, manufacturers are optimistic about potential price increases in the fourth quarter, as the global LCD TV panel prices have stabilized since August [5]. - The expected output volume from Chinese panel manufacturers is projected to reach a peak in September, with the National Day holiday serving as a strategic point for maintaining price stability [5].

去年10月国庆长假的控产效果明显，今年中国大陆液晶电视面板厂商在国庆放假，预计将使10月相关面板价格环比维持稳定。 第一财经记者9月22日从面板厂商和调研机构获悉，中国面板龙头企业的液晶电视面板生产线计划国庆放假约一周左右，这将有利于稳定10月液晶电视面板 价格。 三年前，液晶电视面板行业国庆是不放假的。群智咨询（Sigmaintell）大尺寸显示事业部副总经理张虹告诉记者，2021年10月的液晶电视面板产能利用率为 88%。2022年下半年行业开始减产，当年10月相关生产线整个月投片量下调、液晶电视面板产能利用率为68%。国庆放假从2023年开始。2023年10月的液晶 电视面板产能利用率为77%，2024年10月为79%，今年10月预计也是79%。放假也是不停机，只是不投料。 张虹说，今年国庆假期，中国大陆液晶电视面板厂商针对不同的生产线有不同的休假计划，放假时间约3~7天不等。为了防范四季度电视面板采购需求回落 对面板价格形成压力，面板厂商在国庆假期选择主动控产，将对10月液晶电视面板价格维持稳定起积极作用。 TCL华星相关人士向记者确认，10月第一周，TCL华星预计部分生产线放假。京东方相关人士也透露 ...

Group 1: Display Panel Market Overview - In August, the global display panel market continued to experience weak supply and demand dynamics, with panel prices remaining stable [1] - Domestic market support from the third batch of national subsidies for display categories was limited, and consumer demand significantly weakened [1] - In North America, major brands shifted their procurement strategies from "policy-driven" to "cost and inventory constraints," leading to more conservative demand release [1] Group 2: Monitor Panel Market Insights - The supply side saw an increase in the operating rate of high-generation panel factories in Q3, but TV panel demand and growth in small-size applications continued to exert structural pressure on monitor capacity [1] - Overall monitor capacity contracted month-on-month due to ongoing reductions in LCD capacity from overseas manufacturers [1] - Monitor panel prices for mainstream specifications are expected to remain stable in August, with slight adjustments for some specifications [1] Group 3: Notebook Panel Market Dynamics - The global notebook panel market in August showed a continuation of demand differentiation and supply adjustments [2] - The stability of U.S. tariff policies provided certainty for the market, while the "back-to-school" season and preparations for "Black Friday" in Europe and the U.S. slightly boosted overall market demand [2] - However, rising costs in the manufacturing segment and increased prices for core CPU components significantly pressured brand profitability, leading to tighter procurement strategies among brands [2] Group 4: Price Performance of Specific Panel Sizes - For monitor panels, prices for 21.5" FHD, 23.8" FHD, and 27" FHD Open Cell & LCM remained flat in August compared to July [3] - In the notebook segment, the mainstream TN LCM price for low-end HD remained stable, while prices for IPS FHD & FHD+ products saw slight declines of $0.1 and $0.2 for different specifications [2][3]