Recently, the "Dr. Copper" futures, spot both high shock caused concern from all walks of life. Copper clad laminate leading company to build laminates and then send a price increase letter, attracting attention from all walks of life. China Securities News reporter learned that copper clad laminate upstream is copper foil, terminal downstream is the consumer electronics, semiconductor industry. The recovery in the consumer electronics and semiconductor industries has led to the rise in the price of copper clad laminate.CrapsbettingThe main reason.
China Securities News reporter to A-share copper clad laminate listed companies to verify that at present, A-share listed companies have different price increases, and the range of products is not the same. Some listed companies told reporters that the price increase letter of Jiantao laminate was indeed sent to customers, and there were corresponding discounts in actual sales. Whether the price increase in the industry can be sustained depends on the specific situation.
The leading company sent a letter of price increase.
On May 20, Kingboard Laminates, the leading company of CCL, issued a price increase letter saying that due to the sharp rise in the price of copper, the main raw material of CCL, customers have more stocks recently, and the company's production capacity in May has been fully connected, due to cost pressure. therefore, starting from the new order today, the price of the relevant sheet will be increased by 5 yuan / sheet-10 yuan / sheet.
Since then, the Hong Kong stock price of Kingboard laminate has fluctuated obviously. It rose by 3% on May 20 and May 21 respectively.Crapsbetting.53%, 4Crapsbetting.66%, and then fell back.
Prior to this, Jiantao laminate issued a round of adjustment letters in March.
On a monthly basis, the share price of Jiantao laminate rose 19.14% in March, 16.58% in April, and 30.96% since May.
With the Jiantao laminate released the latest round of price increase letter, the price trend of listed companies in the same industry has attracted the attention of all parties.
In this regard, the China Securities News reporter to a number of A-share copper clad laminate listed companies to verify that at present, A-share listed companies have different price increases, and the range of products is not the same.
Jin'an Guoji related staff said that the company has hundreds of copper clad laminate products, each price change is different, has been following the market. The company is concerned about the price increase of Kingboard laminates, but the company depends on the downstream acceptance, which is the same as the industry.
The staff of the Sino-British Science and Technology Securities Department told the China Securities News that it depends on the market conditions to choose whether or not to increase the price, and there is no move to issue a price increase letter at present.
The staff of the Shengyi Technology Securities Department told reporters that the prices of related products were indeed raised in May, but the range was not the same due to the wide variety of products.
Downstream demand warms up
The reporter learned from listed companies that although there are many kinds of copper clad laminate products, but the product prices are mostly between 50 yuan and 150 yuan, the downstream of copper clad laminate is PCB circuit board, resin and glass cloth, and the downstream of PCB circuit board are consumer electronics, semiconductors and other products.
"the upstream of copper clad laminate is copper foil, both copper clad laminate and copper foil belong to the category of raw materials. At present, I feel that the downstream consumer electronics and semiconductor industry is picking up. The increase in product prices will be transmitted only when there is demand downstream. If the lower reaches cannot accept the current price, it will be very difficult for CCL itself to rise even if the international copper price rises. From the industry data in the first quarter, downstream demand has obviously picked up, entering the second quarter, the monthly changes are not quite the same, the specific situation needs to be based on the specific data of the semi-annual report of listed companies. " Some executives of listed companies told reporters.
Caitong Securities believes that under the upward period of the boom and economies of scale, the upstream copper clad laminate manufacturers with high concentration can achieve stronger bargaining power and are expected to achieve faster output value growth and higher gross profit margin than those downstream.
Guosheng Securities said that the copper clad laminate industry will enter the price rise cycle in the context of upstream prices rising and downstream demand recovering. Benefiting from the good competition pattern and the lengthening of the downstream stock preparation cycle, profitability is expected to improve gradually.
It is worth mentioning that during the interview, some listed companies reported to the reporterCrapsbettingAlthough the leading Kingboard laminate issued a price increase letter, but according to the industry sales feedback, Jiantao laminate price increase letter was indeed sent to customers, the actual sale also has the corresponding discount. Whether the price increase in the industry can be sustained depends on the specific situation. "
For the terminal downstream warming, the above Shengyi Technology Securities Department staff told reporters that they do feel the warming downstream, but still need to continue to observe.