Panel Pricing & Shipments – February/March
Once again panel price increases far exceeded our earlier expectations as shortages with both silicon and glass increased, especially at the silicon level with Samsung’s Austin plant shutdown. While consumer demand still seems strong, we expect much of the price increases seen this month were more from buyers looking to grab any panels that met specifications, regardless of price, for fear that they will become increasingly scarce. Given that Samsung has yet to reopen the Austin plant to full capacity and glass remains tight, we expect April will see the same or similar magnitude price increases as the only panel producers that are seeing increasing large panel revenue are those who are in the process of adding capacity, while those who remain at maximum utilization saw declining sales last month as component limitations reduced unit volumes.
On a general basis, Chinese large panel producers saw revenue increase in February, while all others saw revenue fall, other than Sharp () as large panel LCD unit volume was down 2.7%..Total large panel LCD revenue was down 1.4% in February, with panel price increases making up a portion of the unit volume decline. We would have thought large panel sales would have been higher in February given the increasing panel prices, but that was not the case, although February in the display space is an odd month considering the Chinese New Year holiday, so we wait to see March panel sales before we can determine whether the February large panel sales decline was a one-off or a trend.
On a general basis, Chinese large panel producers saw revenue increase in February, while all others saw revenue fall, other than Sharp () as large panel LCD unit volume was down 2.7%..Total large panel LCD revenue was down 1.4% in February, with panel price increases making up a portion of the unit volume decline. We would have thought large panel sales would have been higher in February given the increasing panel prices, but that was not the case, although February in the display space is an odd month considering the Chinese New Year holiday, so we wait to see March panel sales before we can determine whether the February large panel sales decline was a one-off or a trend.
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