Market Trend

Based on the latest survey by WitsView, a research division of TrendForce, MCI index posted a moderate decline by 21.8 points to 6988.8 points between June 14^th and June 28^th, which rebounded above the 20-day average. It indicated that market confidence toward the future has recovered. Although panel prices posted a sequential decline lately, it is expected to rebound in 3Q10. Furthermore, influenced by the tight supply of some of the components, downstream vendors restock aggressively for their demand in 3Q10. Among which, the overall panel shipment reached a record high in May. Yet, under the European debit crisis and the rising inventory, it remains to be seen whether the market will be as optimistic as expected.