4HuFl4HHCvt finance.huanqiu.com article Cost rise resonates with demand recovery, and copper clad laminate manufacturers send price rise letters again /e3pmh1hmp/e3pmh28kq <article><section data type="rtext"><p>Our reporter Li Rushi Feng Yuyao</p><p>Recently, copper prices continue to advance. On May 20, the price of Luntong futures once exceeded the US $11000 per ton threshold. With the continuous rise of copper prices, copper clad laminate (CCL), as an important link in the industrial chain, has attracted much attention. Previously, the leading CCL company Jiantao Laminate has issued two waves of price increase letters, and the CCL manufacturers such as Jinbao Electronics and Wilbur Electronics also followed the price increase. The price of copper clad laminate has changed from the low level in 2023, and the sales price has risen in the first quarter of this year</ p> <p>Chen Yuheng, senior investment adviser of Jufeng Investment Advisory, told the reporter of Securities Daily: "As the main raw material of copper clad plate, the price trend of copper directly affects the cost of the copper clad plate industry, and the rise of copper price leads to the increase of the cost of the copper clad plate industry."</p><p><em data scene="strong">Cost driven price rise of copper clad plate</em></p><p, Some CCL manufacturers have started a round of price increase. On March 19, the leading CCL company Jiantao Laminated Board issued a price increase letter, announcing that the price of all sheet materials would be increased by 10 yuan per sheet, and the price of CCL manufacturers such as Jinbao Electronics and Wilbur Electronics also followed. It is reported that this round of price increase is well implemented, and the acceptance of small and medium-sized customers is high</ p> <adv-loader __attr__inner="7004636" __attr__style="width: auto; position: relative;float: left;border: 1px solid #ebebeb; padding: 20px;overflow: hidden;margin: 10px 30px 40px 0; "></adv-loader> <p>On May 20, Jiantao Laminated Board sent a price increase letter again. The reason for price adjustment was that copper prices were rising and orders were full. The price rise letter shows that the company's production capacity in May has been fully filled. Under the pressure of cost, Jiantao Laminated Board raised the price of related sheets by 5 yuan/sheet to 10 yuan/sheet, an increase of 5% to 10%</ p> <p>"It is normal for the price of raw materials to fluctuate." On May 22, a relevant staff member of a copper clad laminate manufacturer told the Securities Daily that the price of the company's products would follow the trend of raw materials. "The price of raw materials has changed, and we also need to adjust the product price accordingly according to the demand.". "At present, the price of copper foil has risen sharply, which accounts for more than 40% of the cost of copper clad laminate." Du Xiaoyu, an analyst with the copper business department of Shanghai Steel Union, told reporters that, "The price of copper foil purchased by copper clad laminate manufacturers in the previous month was taken as the benchmark price, so most downstream copper clad laminate manufacturers choose to stock up in advance or adjust the price in case of large fluctuations in raw materials, in order to prevent the cost increase caused by the price increase in the next month."</p><p><em data scene="strong">The demand recovery supports the price increase</em></p><p>In addition to the driving factors of copper price increase, As the core material of printed circuit board (PCB) manufacturing, the recovery of downstream PCB demand is also an important factor supporting the price rise of CCL. "At present, our downstream orders are a little better than before." The above staff told reporters that since the first quarter of this year, the downstream demand of the CCL industry in which the company is located has recovered</ p> <p>Recently, many institutions have conducted research on listed companies in the copper clad plate related industry chain, such as Jin An Guoji, Shennan Circuit, Shengyi Technology, and the above companies have also affirmed the price recovery of copper clad plate and the development prospect of PCB market</ p> <p>Among them, Shennan Circuit said that with the accelerated evolution of AI and the continuous deepening of applications, the ICT industry's demand for high computing power and high-speed networks is increasingly urgent, and the demand for edge computing capabilities and high-speed data exchange and transmission of various terminal applications is growing. The above trends have driven the demand of terminal electronic equipment for high-frequency, high-speed, integrated, miniaturized, lightweight, high heat dissipation and other related PCB products</ p> <p>"AI is expected to become a new driving force for the growth of PCB industry. In addition, new smart wearable electronic products such as new energy vehicles and AR/VR have risen rapidly, driving the demand for medium and high-end PCB products to grow rapidly. " Chen Yuheng further explained</ p> <p>Yu Can, an analyst at the Copper Business Department of Shanghai Iron and Steel Union, said frankly to the reporter of Securities Daily: "At present, the PCB market is seriously differentiated, with fierce competition in the market for middle and low-end products, and the demand for high-end PCB boards is strong due to the development of AI industry."</p><p>With the progress of electronic technology, higher requirements have also been put forward for copper clad boards used in electronic materials. Shengyi Technology said: "The electronics industry is still the industry with the fastest technological progress, endless new products, the most active market innovation, and the fastest technology iteration. Therefore, whether the company can maintain high intensity technology investment, so that its products can always keep pace with the market demand, is the biggest challenge facing the enterprise." </p><p>"As the raw material of PCB, CCL is the foundation of the electronic circuit industry." In Yu Can's view, price competition is not a long-term solution. In the future, CCL enterprises still need to be technology oriented to go further</ p></section></article> one trillion and seven hundred and sixteen billion four hundred and twenty-eight million thirty-one thousand two hundred and sixty-seven Editor in charge: Liu Yi <a href=" http://epaper.zqrb.cn/html/2024-05/23/content_1052213.htm?div= -1 ">Securities Daily</a> one trillion and seven hundred and sixteen billion four hundred and twenty-eight million thirty-one thousand two hundred and sixty-seven one one []