WitsView:Demand has been cooled down and supply has been increased after December such that the following panel price trend remains to be watched
According to the latest research statistics by WitsView, the MCI indices have dropped from 4100.1 points to 3987.1 points by 113 points during the period of 11/11~12/13. The on-going global financial crisis due to Europe debt issue has not only led to reduced credit ratings of roughly 15 European governments by S&P, but also caused the domestic economic regression and reduced consumer spending in US. The growth of domestic market in China was also slowed down, while SMEs have been facing financing difficulties due to bubbles of housing market. The tightened global economic situation has not only affected the profitability of enterprise, but also led to significant impact on consumer confidence.
Entering December, in addition to the stocking in advance for Lunar New Year next year among customers in China market, the overall market demand has shown MoM regression. If the panel makers all over the world plan to maintain their average utilization rates at 75%~80% until Q1 next year, panel price may be falling again due to the over-supply situation.
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