Core Viewpoint - CINNO Research indicates that the panel supply-demand relationship remains balanced in May, with stable panel prices expected across various sizes compared to April [1][4]. Group 1: Panel Price Stability - The prices for mainstream panels ranging from 32" to 85" are projected to remain unchanged from April, with prices at $35, $67, $97, $121, $173, $231, and $312 respectively [2][1]. - The overall price trend is expected to be flat in the second quarter due to improved capacity optimization by panel manufacturers [1]. Group 2: Domestic Market Dynamics - In April, the U.S. tariff situation led to a slowdown in inventory buildup in the overseas TV market, shifting procurement strategies from aggressive to more cautious [4]. - Domestic demand has started to decline as the effects of previous policies and early demand release are felt, transitioning the panel price cycle from expansion to a plateau phase [4]. - The proactive inventory buildup by brand manufacturers has resulted in increased stock levels, leading to reduced enthusiasm for further inventory accumulation [4]. Group 3: International Market Influences - The U.S. retail market has seen an 18% decline in port throughput during the tariff transition period, reducing the urgency for brands to stock up [5]. - The combination of excess inventory and weakened terminal demand for LCD TVs has contributed to a collective stagnation in panel prices [5]. - Panel manufacturers are implementing production control strategies to stabilize prices, with average utilization rates expected to drop to 75% in May [5].