Lin Zemin, manager of the International Institute of Obstetrics, who held the 2020 Symposium on Industrial Trends, said that the main application of the panel is no longer growing and new capacity is coming out, resulting in a serious oversupply in the market. But the worst-case scenario for the panels is over, with only the second Beijing-East 10.5-generation plant producing in 2020, with limited new capacity, while the South Korean plant is closing down 7.5-generation,8.5-generation plants, and the oversupply of the panel industry will improve, even interspersed with short-term shortages.
In terms of current panel prices, the price of the 32 inch panel is about $33, down from $35 cash cost, according to the October quotation for each size, and the price is flat in October and November. The 39.5-43 inch panel is the mainstream size, supported by some demand, the 39.5 inch stop-fall is stable, the price is maintained at $61, the average price of the 43 inch panel is about $66, and the price is down slightly by $1 in october and november.
In the case of large TV panels, the 49-inch, 50-inch panel, which fell to $1 in October, is expected to stop falling in November, with an offer of about $85 to $87. 55-inch panel demand is also warming back, affected by continued supply cuts, prices stopped falling in October to $101, and November prices are expected to remain stable. 65-inch panel peak season supply demand burst, inventory pressure eased, October prices stopped falling, quoted at about $169. Prices are expected to remain stable in November.
Lin Zemin said terminal demand for the main applications in 2019 was weak because the smartphone market was saturated and the willingness to change phones was delayed at high prices. The overall mobile phone market fell 5 percent, the TV market fell 4 percent, and PC declined 1.5 percent, with only commercial and e-sports products growing, while the tablet market fell 0.9 percent. In 2020, apps still lacked growth momentum, still a slight decline or flat performance.