Cell Phone LCD Screen Parts Volatile as Chinese Yuan Continues to Drop

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Everyone in the cell phone repair business should expect prices to be extremely volatile at this time.

Many of our clients selling broken LCD screens have noticed that many models have dropped in price over the last few weeks because of this.

As the Telegraph Blog Reports:

It is almost back to where it was two years ago. This is the biggest story in the global currency markets [Today]. The US Treasury clearly suspects that the Chinese authorities have reverted to their mercantilist tricks, driving down the exchange rate to keep struggling exporters afloat …

Economic Times Reports:

A weaker yuan makes Chinese exports cheaper overseas, at a time when Beijing is seeking ways to boost growth …

The US Treasury said earlier this month that the recent fall in the yuan could “raise particularly serious concerns” if it represents a reversal in China’s pledge to move towards a more free-floating yuan.

Since most refurbished, new and broken screens either originate or re-enter China, the fluctuation should continue to pinch broken LCD prices and could keep prices of imported cell phone parts inflated until this settles down a bit.

We recommend selling your broken LCD screens for iPhones and Samsung devices on a weekly or bi-monthly cycle (depending on the total amount of pieces) to ensure you’re able to get the most money for your screens.

In addition, we would greatly appreciate your continuous effort to pack and ship LCD orders in a timely manner to ensure pricing competitiveness.