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LED bulb prices in China declined in October

LED bulb prices in China declined in October

By BizLED Bureau

Nov 14, 2016: LED bulb prices in China have dropped significantly in October 2016, after being steady for the previous two consecutive months, according to a report by TrendForce.

The report also said that in comparison to the previous months, both 40W and 60W LED bulbs witnessed 0.6% drop in their global average selling prices in October 2016. The 40W LED bulbs hit US$9.2, whereas the 60W dropped to US$12.6, the report added.

LED chip prices remained constant

The revival of LED market demand in September 2016 resulted in stabilization of LED chip prices. In fact, the price of certain LED chips even went up because of supply shortage.

READ ALSO: China LED industry to reach US$ 147.59 trillion by 2020

The trend continued in October 2016, which also stabilized package prices in China. Prices of 2835 and 5630 LEDs in the Chinese market have been comparatively constant during these few months.

However, there is an exception in EMC 3030 LEDs since these LEDs witnessed a slight drop in October 2016. Global suppliers reduced prices of EMC 3030 LEDs in October, which resulted in a monthly 0.9% drop on an average.

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