The near futurePrismcasino$100freespinsCopper prices continue to hit. On May 20, Lun copper futures prices briefly broke through the $11000 per ton mark. Under the background of rising copper prices, copper clad laminate has attracted much attention as an important part of the industrial chain. Prior to this, the leading copper clad laminate company Jiantao laminate has issued two waves of price increase letters, Jinbao Electronics, Willie Electronics and other copper clad laminate manufacturers also followed the price increase. Copper clad laminate reversed the decline of prices in 2023, and sales prices rose in the first quarter of this year.
Jufeng Investment Senior Investment adviser Chen Yuheng told reporters: "Copper as the main raw material of copper clad laminate, its price trend has a direct impact on the cost of copper clad laminate industry, and the rise in copper price has led to an increase in the cost of copper clad laminate industry."
Cost-driven price increase of copper clad laminate
Affected by the upward transmission of copper prices, some copper clad laminate manufacturers started a round of price increases in March this year. On March 19, CCL leading company Jiantao Laminates issued a price increase letter, announcing an increase of 10 yuan per sheet for all laminates. Copper clad laminate manufacturers such as Jinbao Electronics and Willie Bond Electronics also followed suit. It is reported that the landing of the round of price increases is better, and the acceptance of small and medium-sized customers is high.
On May 20, Jiantao laminate sent a price increase letter again, pointing to the upward price of copper and full orders. The price increase letter shows that the company's production capacity was all full in May. Due to cost pressure, Jiantao laminate raised the price of related sheets by 5 yuan / sheet to 10 yuan / sheet, an increase of 5% to 10%.
"it is normal for raw material prices to fluctuate." On May 22, the relevant staff of a copper clad laminate manufacturer admitted to the reporter that the price of the company's products is in line with the market and will follow the raw materials. "the price of raw materials has changed.Prismcasino$100freespinsWe also need to adapt to the demand and change the price of the product accordingly. "
Manufacturers have set off two rounds of price increases so that the copper clad laminate industry has attracted much attention. "at present, copper prices have risen sharply, superimposed by copper foil processing fees, and copper foil prices have risen sharply, while copper foil accounts for more than 40% of the cost of copper clad laminate." Du Xiaoyu, an analyst for the copper industry of Shanghai Steel Union, told reporters, "Copper clad Laminate manufacturers purchased copper foil a month ago as the benchmark price, so at present, in the case of large fluctuations in raw materials, most downstream copper clad laminate manufacturers choose to prepare goods in advance or adjust prices in case prices continue to rise next month."
The pick-up in demand supports the rise in prices
In addition to the driving factors of rising copper prices, copper clad laminate as the core material of printed circuit board (PCB) manufacturing, the recovery of downstream PCB demand is also an important factor to support the rise of copper clad laminate prices. "at present, the order situation downstream of us is a little better than before." The above staff told reporters that since the first quarter of this year, the downstream demand of the copper clad laminate industry where the company is located has warmed up.
Recently, a number of institutions have conducted research on listed companies in the industrial chain related to CCL, such as Jin Anguoji, Shennan Circuit, Shengyi Technology, etc., and the above companies have also affirmed the warming of CCL prices and the development prospect of the PCB market.
Among them, Shennan Circuit said that with the accelerated evolution and deepening of AI applications, the demand of ICT industry for high computing power and high-speed network is becoming increasingly urgent, and the demand for edge computing power and high-speed data exchange and transmission for all kinds of terminal applications is growing. The above trends drive the terminal electronic equipment to increase the demand for high-frequency, high-speed, integrated, miniaturized, lightweight, high heat dissipation and other related PCB products.
"AI is expected to become a new driving force for the growth of the PCB industry. In addition, new energy vehicles, AR/VR and other smart wear of new electronic products rise rapidly, promoting the rapid growth of demand for high-end PCB products. " Chen Yuheng further explained.
Yu can, an analyst of Shanghai Steel Union Copper Industry, said bluntly to the reporter: "at present, the PCB market differentiation is more serious, the market competition for low-end products is fierce, and the demand for high-end PCB sheet affected by the development of AI industry is strong."
With the progress of electronic technology, higher requirements have been put forward for copper clad laminates used in electronic materials. Shengyi Technology said: "the electronics industry is still the industry with the fastest technological progress, the endless emergence of new products, the most active market innovation, and the fastest technological iteration, so whether it can maintain high-intensity technology investment." it is the biggest challenge for enterprises to keep their products in step with the needs of the market. "
"CCL, as the raw material of PCB, is the foundation of the electronic circuit industry." In Yu can's view, the price is not a long-term solution, the future copper clad laminate enterprises still have to develop technology-oriented, in order to go further. According to Securities Daily
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