Market Trend

According to the latest survey by WitsView, the research division of TrendForce, MCI index went up by 198.3 points to 6304.2 points from September 20 to October 4, 2010. The index rose by more than 700 points solely in September since the month September was the quarterly end of Q3, and panel makers reduced glass input effectively, leading to the softer inventory problem. Hence, the market became more confident than it used to be. TV panel prices continued the downtrend in 1HOct, and the prices of IT products haven’t rebound yet. Nevertheless, because sales of TV products was an offset to the loss from IT products, coupled by the increasing penetration rate in LED panel, the profitability level in 3Q10 among panel makers will be potentially improved. Therefore, amid the effects of glass input reduction as well as the possible panel price rebound, the market still holds expectation toward 4Q10 hot season which will further spur MCI index growth.