Market Trend
Published Dec.01 2008, 12:00AM (GMT+8)
Between November 17, 2008 to November 28, 2008, the MCI index increased from 3822.4 to 3964.3, up by 141.9 points. After hitting a new historical low of 3606.0 on Nov. 20, the MCI index finally started to increase in the subsequent days. Although only 35.7 pints away from the 4000 point level, as of Nov 28, the index remains very unstable.
Published Nov.17 2008, 12:00AM (GMT+8)
From November 3, 2008 to November 14, 2008, the MCI index plummeted from 4480.3 to 3957.0, down by 523.3 points. During the past two weeks, the MCI index has broken past the mark of 4000 points, and reached to a new historical low point of 3957.0. Recently, the weaker-than-expected end market demand was seriously impacted by the sluggish global economic, and the depression makes industry participants more conservative on the short-term market outlook.
Published Nov.03 2008, 12:00AM (GMT+8)
Between October 20, 2008 to October 31, 2008, the MCI index slumped from 4948.5 to 4421.3, down by 527.2 points. During this period, the MCI index declined to a new historical low point. The previous low was 4553.8, which occurred during May 5, 2003. But on Oct 24, 2008, the MCI index broke past this point, falling to a new low of 4104.4 the following day.
Published Oct.20 2008, 12:00AM (GMT+8)
Between October 06, 2008 to October 17, 2008, the MCI index slumped from 5492.2 to 4963.4, down by 528.8 points. Despite the strong seasonality effect, it appears that the uncertain future outlook of the TFT LCD industry was the dominant factor, thus sending the MCI index slipping below the 5000 level.
Published Oct.06 2008, 12:00AM (GMT+8)
Between September 22, 2008 to October 3, 2008, the MCI index declined from 5882.3.0 to 5714.7, down by 167.6 points. During the past two weeks, the MCI index was indeed able to break past the 20-day average, which as mentioned during last time’s biweekly MCI report, has been a resistance level during the past month or so.
Published Sep.22 2008, 12:00AM (GMT+8)
Between September 8, 2008 to September 19, 2008, the MCI index declined from 5820.0 to 5733.5, down by 86.5 points. Compared to the sharp falls during the past few weeks, the MCI index is showing signs of stabilizing. Panel prices are also exhibiting the same trend, as the drops have grown more moderate for the second half of September, especially in the IT segment.
Published Sep.08 2008, 12:00AM (GMT+8)
Between August 25, 2008 to September 5, 2008, the MCI index slumped from 5994.7 to 5555.3, down by another whopping 439.5 points. Since the launch of the MCI index on Jan 1, 2003 by WitsView, the last time the index was near the 5500 level only occurred during 2003. Thus, if we exclude this particular year, the current TFT LCD market confidence level is now lower than all the previous market cycles.
Published Aug.25 2008, 12:00AM (GMT+8)
Between August 11, 2008 to August 22, 2008, the MCI index plunged from 6210.6 to 5912.2, down by 298.5 points. Although the index fell past the 6000 level, reaching the “very low confidence level” of WitsView’s new MCI confidence scale, this is expected to be only temporary. In the near future, the index should bounce back to the above 6000 level.
Published Aug.11 2008, 12:00AM (GMT+8)
Between July 28, 2008 to August 08, 2008, the MCI index fell from 6364.0 to 6102.5, down by 261.5 points. As predicted by WitsView, the index mostly fluctuated above the 6000 level during the past two weeks. The fresh decline was reflected in the persisting panel price falls in 1HAug. According to WitsView’s estimation, prices are set to fall by 7~9% in the IT segment, while TV panels will slip by 3~5%.
Published Jul.28 2008, 12:00AM (GMT+8)
Between July 14, 2008 to July 25, 2008, the MCI index fell from 6599.2 to 6402.8, down by 196.4 points. Aside from the persisting downbeat outlook toward the TFT LCD industry, the decline was also attributed to the downfall in global markets, as the Fannie Mae and Freddie Mac mortgage crisis once again highlighted the troubles in the housing sector. Thus, despite steep drops in the oil price during the past two weeks, the general economic outlook remained uncertain.
Published Jul.14 2008, 12:00AM (GMT+8)
Between June 30, 2008 to July 11, 2008, the MCI index dropped sharply from 7337.4 to 6765.1, down by another 572.4 points. As mentioned in WitsView’s last MCI report, the 7000 level was the next benchmark to observe. Thus, with the index level now almost 300 points lower than the 7000 mark, it further confirms the current weak market fundamentals of the TFT LCD industry.
Published Jun.30 2008, 12:00AM (GMT+8)
In terms of the global economic environment, it was further battered by rising inflation pressures and record high oil prices during the past two weeks. Between June 16, 2008 to June 27, 2008, the Dow Jones Industrial average declined from 12,269.08 to 11,346.51, down by a whooping 7.5%. Meanwhile, oil prices briefly reached a new high at $142 per barrel last Friday (June 27, 2008).
Published Jun.16 2008, 12:00AM (GMT+8)
The market uncertainty surrounding the TFT LCD industry took a further hit as the MCI index fell past the 8000 level. Between June 2, 2008 to June 13, 2008, the MCI index plunged 512.8 points, falling from 8306.2 to 7793.4. The general concern remained focused on the weak panel demand, especially in the TV segment, and the fact that panel prices have once again trended downwards in June by 2%~4%.
Published Jun.02 2008, 12:00AM (GMT+8)
From May 19, 2008 to May 30, 2008, the MCI index fell slightly by 49.0 points, dropping from 8378.3 to 8329.3. The small changes in the index shows that there is still some reservations regarding the future development of the TFT LCD industry amid the seasonal weakness. With the index still at a relatively high level, the general outlook remains upbeat. However, the uncertainty in the global economy and sluggish TV end market sales are spurring concerns over how things will develop in the next 2 to 3 months.
Published Jan.01 1900, 12:00AM (GMT+8)
According to WitsView’s latest data, MCI has rebounded 374 points from 4552 points to 4926 points from Feb. 6th to Mar. 20th.
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