According to app, cinno research chief analyst zhou hua charley, in april of this year, preparations for sports events in overseas markets were at the end, short-term demand fell, the supply was relatively relaxed, and the price increase for the lcd tv panel continued to narrow. In may, domestic “618” cargo power weakened, short-term demand continued to cool, panels tightened supply through controlled production, and supply and demand became more balanced, and it is expected that mainstream size panel prices will stabilize。
Cinno research brief:
In april of this year, preparations for overseas sports events came to an end, short-term demand fell, while the supply side remained relatively modest compared to march and generally liberal. The price increase for some of the lcd tv panels continued to shrink. In may, domestic promotion days were reduced in kinetic energy, short-term demand was further weakened, supply-side flexibility was regulated through controlled production, supply-demand relations were gradually stabilizing, and it was expected that the price of the mainstream size panel would have stabilized。
On the demand side, in april this year, short-term demand continued to recede, affected by the end of the world cup's supplies, with some of the lcd tv panel price increases narrowing further. Of these, 65” and 75” mainstream size panel prices were approximately $171 and 224 respectively, with an increase of approximately $1 more narrow than the ring; the remaining mainstream size panel prices were generally stable. In may, the overseas market entered a short off-season season, and while china's market's “618” promotion days are still in progress, the availability of goods has been significantly reduced, resulting in a contraction in short-term demand, a slowdown in the overall purchasing tempo of branders and a weakening of the support of prices against panels. The overall price of the panels is expected to stabilize in may。
On the supply side, in april this year, despite being in the late stages of stock preparation, the downstream order was pre-empted by the expected impact of the may production control, and the panels were maintained to cope with high crop movements. According to cinno research statistics, the global average of high-generational crops was about 88 per cent that month, with ring-to-ring parity and lcd tv panel output expected to decline evenly. In may, the short-term demand ring cooled, and the head panel plant implemented short-term controls over parts of the line over a period of five to one days. The strength of the plants varied slightly, but the overall adjustment was moderate. The crop rate is expected to remain above 80 per cent and the panel output ring has declined by about 6 per cent。
On the cost side, the recent increase in crude oil prices may create a conductive pressure on panel bom costs through the petrochemical value chain. The cost of optical membranes, such as photofilm, is relatively high, and if oil prices remain high, the associated raw material costs are likely to rise further; at the same time, fuel costs rise or lift shipping costs, thereby increasing logistics expenditures. Against the backdrop of a weaker balance of supply and demand, the upward cost risks objectively squeeze the margin of profit for the panel manufacturer. Current manufacturers, or employing a more profitable business strategy than size, may prefer to steer rather than reduce prices in the face of cost pressures, superseding and actively controlling products, and it is expected that panel price movements will tend to stabilize。
According to the latest cinno research statistics, global prices of ccd tv panels stabilized in may 2026, when the supply-demand relationship or balance was maintained. The “32 to 100” mainstream panel prices are expected to be substantially the same as in april this year, at $34. 5, $67, $90, $116, $171, $224, $293 and $425 respectively. As the dynamic optimized capacity of the panels continues to increase, and the dynamic balance between supply and demand is further consolidated, narrow price fluctuations in the panels are expected to increase, and overall prices are expected to show a smoother performance in the second quarter。
