The factor of market uncertainty remains in Q4, leading to continuous drop of pr

loohenry

According to latest research statistics of WitsView, MCI index has fallen by 110.8 points from 3862.9 points to 3752.1 points
during the time frame of 8/13~9/12. The debt crisis in Europe and US continues to be severe while Greece has been involved in
crisis of debt default; the overall economy is in a state of regression. According to the latest economic statistics,
consumers’ confidence in EU and US has been dropping as compared to the previous month. There has not been any significant
improvement over unemployment rate. Japan Cabinet Office has announced the MoM regression of 8.2% with respect to core machine
order in July. This is an indication of reduced demands of the entire industry and severely impacted market and consumer
confidences. All kinds of important global economic indicators have laid down the demand uncertainty in the second half of the year.
Under the influence of weak global economy, the markets of LCD TV, LCD monitor and NB product have been sluggish without any momentum
of demand recovery in end market in September. Original hopes of market supply-demand environment at the end of Q3 gradually becoming
balanced after production reduction among panel makers in July has gone. The ambiguous market visibility and special price negotiation
resulted from the orders of downstream companies have caused the panel price continue to fall in September.