02 Feb 2021 -
 General

Panel market: prices to remain high after factory explosion

An explosion at the South Korean glass substrate manufacturing plant in Gumi, owned by AGC, is set to impact on the already tight supply of panels, says TrendForce .

While the demand is set to affect only 1% of the market “any event that affects the supply of panel components could exert significant influence on panel prices”, says TrendForce in a release.

The high demand for various panel applications, together with the issues encountered by Corning and NEG in the respective supply of glass substrates, has resulted in the relatively strained global supply of the product. 

TrendForce says, “Prices of TV panels have been climbing over the past several months and are still on the upswing. The excessively high cost of panel procurement is starting to become an issue for branded TV manufacturers.”  

TrendForce previously forecasted that prices of TV panels would keep rising to the end of 1Q21 and then drop slightly in the second half of 2Q21 due to demand fluctuations. However, TrendForce has modified its projection on account of the furnace explosion. Panel prices may continue to stay at a high point through 2Q21 and maintain this trend until late 3Q21 before further adjustments could take place.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

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