On September 5, TrendForce released its panel price forecast for September: TV, monitor, and notebook panel prices are expected to remain flat in September 2025.

Entering September, TV brands continue preparing for year-end promotional season demand, driving relatively stable TV panel procurement momentum. Panel manufacturers have also adopted a more proactive stance in panel production and shipments over the past two months, effectively alleviating downward pressure on panel prices since Q2. Current observations suggest TV panel prices in September are expected to maintain a comprehensive flat trend.

**Monitor Panels** Monitor (MNT) panel demand has shown relatively weak performance since entering Q3. However, as mainstream size specifications remain in loss-making territory for panel manufacturers, most panel fabs maintain low production willingness, resulting in the peculiar phenomenon of tighter supply for mainstream FHD models while panel prices remain difficult to increase. Combined with TV panel demand beginning to stabilize and strengthen in Q3, brand customers have recognized that panel prices have limited downside potential in the short term. Both buyers and sellers share consensus on price stability, therefore September MNT panel prices are expected to continue maintaining flat levels.

**Notebook Panels** Notebook (NB) panel demand maintains strong momentum in Q3. Under uncertain semiconductor-related policy conditions, brand customers have adopted proactive procurement attitudes, hoping to secure more favorable terms from panel manufacturers through maintaining strong order demand. From panel manufacturers' perspective, continuous competition for customer orders has led to long-term under-the-table price concessions to brand customers, with overall discount space gradually shrinking. Under competitive pressure, even with sustained customer demand, panel manufacturers find it difficult to propose price increases. Overall, September panel demand is expected to remain robust, therefore panel prices are estimated to maintain flat levels.