Market Trend

Between August 31 and September 18, MCI index slipped 31.4 points from 5745.8 to 5714.4. Since September 9th , MCI has fallen below the 5800-point mark and continued its downward trend; after the crossover of falling below the 20-day and 60-day average, the downward slope was reduced to a slight decline. Looking at panel prices, as SI and brand vendors already maintain a healthy level of inventory, demand was weaker, resulting in volatile panel prices in September and uncertainty in MCI trends in the short term. In addition, we can see from the graph that the MCI index is hovering between 5500 and 5900 points. Sales performance in China’s National Day holiday will influence the MCI trend, and in the short-term, the market still adopts a wait-and-see attitude.