Many CCL manufacturers have issued price increase notices

Recently, several CCL manufacturers have issued price increase notices. The main reason for the price increase is that raw material prices continue to rise, and the price increase is between rmb6 to rmb10 per sheet.

On March 19, Kingboard, the leader in copper-clad laminates, issued a price increase notice. The notice stated that due to rising production costs and cost pressure, the price of all materials will be adjusted to rmb10 per sheet regardless of thickness from now on.

Several other CCL leaders closely behind.

Some research institutions said that due to fierce competition in the industry, the decline in sales unit price of copper-clad panels in the market was greater than the decline in production costs, resulting in a year-on-year decrease in gross profit margin. It can now be seen that PCB and end customer consumption inventories have basically bottomed out. Export orders are gradually picking up, demand for new energy vehicles and peripheral products such as charging piles is growing rapidly, photovoltaics and other clean energy are popularizing, and artificial intelligence and big data technology are widely used. It is expected that the printed circuit board and copper-clad panel markets will gradually stabilize and rebound. Copper prices have continued to rise recently due to supply contraction. Inventory prices of copper-clad panel raw materials other than copper have basically fallen to extremely low levels, which will help increase prices and gross profit margins in 2024. The PCB boom is expected to recover in 2024, and copper-clad laminates, as upstream raw materials, are expected to usher in a reversal of difficulties.
The overall growth rate of the PCB industry in 2023 is -15%. Affected by the low PCB prosperity, the price of the copper-clad laminate industry is at a low level, and some manufacturers suffer serious losses. The overall downstream demand of the PCB industry has recovered in 2024. The overall growth rate of the PCB industry is expected to be 5% this year. Currently, the utilization rate of major copper-clad laminate manufacturers has increased in the first quarter. Coupled with the recent rise in copper prices, copper-clad laminate manufacturers have obvious motivation to increase prices. It is expected that Ushering in a reversal of the predicament and entering the price repair stage.

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