Jiantao generally rose in early trading. As of press release, Jiantao Group (00148) rose 6.55% to HK$19.52; Jiantao laminated board (01888) rose 1.93% to HK$7.38.
The Zhitong Finance App learned that Jiantao generally rose in early trading. As of press release, Jiantao Group (00148) rose 6.55% to HK$19.52; Jiantao Laminate (01888) rose 1.93% to HK$7.38.
Guotai Junan pointed out that leading copper-clad plate performance inflection points appeared first, production capacity utilization rates continued to increase, AI servers were driving demand for high-frequency high-speed boards, and the profitability of CCL leaders is expected to continue to improve in the future. However, the excess production capacity of small and medium-sized factories has yet to be digested, and the rise in copper prices is expected to accelerate the loss of production capacity.
China Merchants Securities released a research report saying that since the beginning of the year, downstream demand has continued to pick up, PCB operating rates have generally improved, while upstream main material prices have continued to rise. Some manufacturers in the CCL industry have already raised prices for the first time in March-April. Recently, upstream copper prices have risen sharply, and copper foil processing fees are also on the rise. Electronic glass fiber cloth manufacturers have restoratively raised product prices, and midstream copper clad plate (CCL) manufacturers have also begun issuing downstream price increase notices to ease cost pressure. Currently, downstream demand is picking up and the upward trend in upstream commodity prices remains unchanged. PCB manufacturers increase raw material inventory preparations, all of which are expected to drive the CCL industry into an upward channel of price increases, and profit levels continue to recover.