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Quotes for large-size LCD panels to continue moving up in 4Q20

The current rally of LCD panel prices will continue through the fourth quarter of 2020 as global panel demand remains robust, driven by strong sales of TVs, PCs and tablets catering to stay-at-home activities and Korean makers' withdrawal from LCD panel production, according to Sigmaintell Consulting.

Prices of mainstream panels sized 32-, 50-, 55-, 65- and 75-inch have been increasing at a rate of US$3-10 on average per month since June, with their respective prices reaching US$52, US$127, US$149, US$200 and US$305 in September, said the market research firm.

It expects quotes for 32-inch models to go up another US$3 in October; those for 39.5-, 43- and 50-inch ones will hike US$5; and those for 55-inch will rise over US$5.

Despite the fact that LG Display has decided to push back the date of closing its LCD fab, the supply of TV panels will remain tight in fourth-quarter 2020 as Chinese makers have not yet ramped their capacity enough to make up the shortfalls caused by the reduced output from Korean makers, said Sigmaintell.

China Star Optoelectronics Technology (CSOT) also expects prices of large-size LCD panels to rise in the fourth quarter of 2020.

BOE Technology also expects panel prices to remain strong in the fourth quarter, with the momentum to stretch into 2021 amid further consolidation in the panel industry.