Market Trend

According to the latest statistics provided by WitsView, MCI index jumped by 343.8 points, from 3799.8 to 4143.6 during August 17 to September 14. MCI rebounded and reached the month average and season average lines, reflecting market confidence restored and high expectation on Q4. Global economy shows no improvements with PMI declining in China and Europe. Uncertainties in macro economy forced central banks to hold near-zero interest rate and accommodative monetary policies. Fed has finally launched QE3 in the hope to inject growth momentum into the weakening economy.

Panel shipments continuously increased, benefitted from recent energy saving subsidy program in China, along with the restocking demands of Chinese Oct 1^st holidays and year-end hot season in US and Europe. According to WitsView’s large-sized panel shipment (by units) report, in August, shipments grew 9.8% MoM and showed a significant YoY increase of 15%. It is expected to see great improvements in panel maker’s Q3 financial statements with climbing shipments, stabilizing panel prices, and rising utilization, which brings hopes to the struggle panel makers. But whether the end-market sales could enjoy the growths remains to be seen.