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MCI Biweekly Update
From Feb 25, 2008 to Mar 07, 2008 the MCI index increased from 8199.5 to 8314.7, an increase of 195.2 points. Given the high MCI index level, the market sentiment is very upbeat. According to WitsView’s Market Status Update report for March, panel makers are already beginning to adopt a more aggressive attitude towards their relevant panel price terms. They are keen in creating a setting for the market to rebound in the not-too-distant future. In March, the drops in the PC panel prices are expected to be more moderate when compared to February. Nevertheless, a close eye still needs to be kept on the possible influence from rising oil prices, lingering effects of the subprime credit crunch and rising inflationary pressures... more