Due to the in-depth impact of weak market demand, the price of LCD smart phone panel was still in the downward channel in May, and the decline exceeded expectations. Among them, a-Si panel fell by $0.2, while LTPS panel continued to fall by $0.1; The price of flexible AMOLED panel was lowered by US $1 due to the alleviation of chip shortage.
Influenced by factors such as inflation in Europe and the United States and the closure of the epidemic in China, the purchasing power of the people has declined and consumer sentiment has been suppressed. Affected by this, major mobile phone brands have also reduced their shipments this year, and the demand for mobile phone panels is still low;
According to cinno research’s research on mobile phone inventory, in 2021, the annual average monthly inventory of smart phones in the Chinese market was 31million units, and the average monthly sales volume was 26.2 million units, basically a little higher than that in January. The market inventory level was 40million units at the beginning of May. Since the monthly sales volume of mobile phones in the domestic market fell sharply from January to April this year, which fell to 17.6 million in April, and the sales volume in May is still not optimistic, the current inventory level is equivalent to the sales level in the next two months or so;
In May, the price of LCD smart phone panel was still in the decline channel, and the decline exceeded expectations. A-Si panel fell by $0.2, while LTPS panel continued to fall by $0.1. It is expected that the price of LCD panel will continue to decline in June;
In May, the price of flexible AMOLED smart panel was lowered by US $1. The main reason is that the shortage of driver chips has eased and will no longer be the main bottleneck of delivery. In addition, domestic flexible AMOLED panel manufacturers lowered their prices and actively sought new project orders at a price more advantageous than Samsung display (SDC) panels. In May, the overall price of rigid AMOLED panels remained high and sideways. However, under the pressure of the downward price of flexible AMOLED smart panels and the sluggish demand for panels, it is expected that the price of rigid AMOLED smart panels will be lowered in July;
Cinno research estimates that the price of flexible AMOLED panels will continue to fall by $1 in June and July 2022, while the price of LCD panels will still fall by $0.1.