Core Viewpoint - The demand for LCD TV panels remains high due to brand manufacturers preparing for the year-end peak season, with panel prices stabilizing as supply and demand strategies align [4][5][6]. Group 1: Market Demand - In Q3, brand manufacturers increased procurement to meet year-end demand, leading to a rise in panel prices, which approached stabilization by September [5][6]. - Despite a forecasted slowdown in demand as inventory adjustments occur, promotional events like "Double Eleven" and "Black Friday" are expected to support demand in October [6][8]. - The overall demand for panels in October is projected to remain stable, with most panel prices expected to hold steady compared to September [8]. Group 2: Supply Side Dynamics - Panel manufacturers increased production capacity utilization to 82% in Q3, a nearly 3% increase from the previous quarter, resulting in a 7.6% year-on-year growth in LCD TV panel shipments [8]. - To address the anticipated demand decline, many panel manufacturers are adjusting production capacity in early October, expecting utilization to drop below 80% [8]. - This production adjustment strategy aims to control inventory and operational costs while alleviating potential supply-demand imbalances in the TV market [8]. Group 3: Price Stability - Price stability is expected for most panel sizes in October, with specific prices remaining unchanged from September: 32" at $32, 43" at $64, 50" at $88, 55" at $110, 65" at $165, and 75" at $221 [4][8]. - However, larger panel sizes like 85" and 98" may experience slight price declines due to insufficient demand, projected to drop to $290 and $455 respectively [8].

Core Viewpoint - The article discusses the impact of U.S. tariff policies and changing market dynamics on the panel industry, indicating a shift from aggressive inventory strategies to more conservative approaches due to declining demand and high inventory levels [2][4][5]. Group 1: Market Demand - In April, U.S. tariff policies entered a transitional phase, leading to a slowdown in inventory buildup among brands, with procurement strategies shifting from aggressive to cautious [4]. - Domestic market demand has started to decline, influenced by the diminishing effects of the "national subsidy" policy and high inventory levels from the first quarter [5][6]. - The global TV market demand showed signs of weakening in May, driven by reduced urgency for inventory buildup and high existing stock levels [6][7]. Group 2: Pricing Trends - Panel prices are expected to stabilize in the second quarter, with no significant changes in prices for mainstream panel sizes from April to May [8]. - The average operating rate of high-generation panel manufacturers is projected to drop to 80% in the second quarter, with further reductions expected in May [7]. - The price of LCD TV panels is anticipated to remain flat, with prices for sizes ranging from 32" to 85" holding steady at $35, $67, $97, $121, $173, $231, and $312 respectively [8]. Group 3: Supply-Side Adjustments - Panel manufacturers are implementing production control measures to stabilize prices, with expected reductions in output rates due to weakened demand [7]. - The average operating rate may further decline to 75% in May, with a projected year-on-year decrease in LCD TV panel shipments by 8% [7]. - The supply-demand relationship is expected to maintain a balanced state, contributing to a stable pricing environment in the near term [8].