collective intelligence consultation: In late October, the global laptop panel market enters the off-season cycle period.

On October 29, Guanzhi Consulting released the price index for IT panels in late October 2025. In October, the global display panel market presented a pattern of "shrinking demand, supply regulation, and price stabilization." On the demand side, there was a cyclic decline in demand, and panel manufacturers actively controlled production to offset the risks of cooling demand. In October, the global laptop panel market entered the off-season cycle, with overall demand gradually weakening and downward pressure on panel prices further highlighted. With the dual effects of supply-demand imbalance and cost shifting demand, the price support in the laptop panel market weakened. MNT Panel In October, the global display panel market presented a pattern of "shrinking demand, supply regulation, and price stabilization." From the demand side, the purchasing drive weakened as "Double 11" and "Black Friday" stocking periods ended, with top brands affected by peak inventory levels and adopting more cautious inventory management strategies. Additionally, with insufficient retail confidence and further shrinking consumer demand, there was a cyclic decline in demand. On the supply side, panel manufacturers strictly implemented an "on-demand production" strategy to actively regulate in response to the cyclic decline in demand. Meanwhile, overseas MNT panel capacity continued to shrink, while domestic G8.x generation MNT capacity was squeezed by TV and small-size application demand, resulting in a structural tension in MNT panel supply. Under active supply-side regulation and structural capacity constraints, the MNT panel market will maintain a dynamic balance between supply and demand. With panel manufacturers' inventory at low levels and mainstream specifications teetering near the break-even point, the reality of losses has led to strong demands for price stability, effectively curbing downward price pressures. Taking both supply and demand into account, Guanzhi Consulting predicts that in October, prices of mainstream specifications of Monitor OC and LCM panels will remain stable, with a few high-end panel specifications facing slight adjustment pressures. The performance of various sizes is as follows: 21.5" FHD, October Open cell & LCM mainstream panel prices remain stable month-on-month; 23.8" FHD, October Open cell & LCM mainstream panel prices remain stable month-on-month; 27" FHD, October Open cell & LCM mainstream panel prices remain stable month-on-month. Notebook Panel In October, the global laptop panel market entered the off-season cycle, with overall demand gradually weakening and the downward pressure on panel prices further evident. From the demand side, as the peak season stocking ended, brand panel inventories significantly increased, and despite differentiated inventory levels and shipment strategies, the overall trend was weakening. On the supply side, due to the higher priority of capacity allocation for laptop panels in the G8.x generation line, overall supply remained sufficient. At the same time, price pressures from rising core component prices and cost pressures from supply chain transitions have compelled mainstream brands to pass on cost demands to the panel side. Taking into account both supply and demand, under the dual effects of supply-demand imbalance and cost shifting demand, price support in the laptop panel market weakened. Guanzhi Consulting predicts that in October, price competition in the mainstream laptop submarkets will intensify further. Panel price performance is as follows: Low-end HD TN: main TN LCM price expected to remain stable in October; IPS FHD & FHD+ products, mainstream 16:9 and 16:10 panel prices for October will see a slight decrease of $0.2, while middle to high-end specification panel prices will continue to show a differentiated trend.