20090706 MCI Biweekly Update

Between June 22th, and July 4th, the MCI index rose to 5647.5, up by 157.4 points. During this period, the index has been hovering, and then recovered to its 20-day and 60-day average; the overall trend is still undergoing correction. Recently, spurred by inventory replenishment of downstream client, launch of new models, China’s demand boom, and component shortage, panel prices have been better than expected, up by 5%~18%.