Jiantao Laminate (01888) rose by more than 12%. As of press release, it rose 11.66% to HK$6.61, with a turnover of HK$116 million.
The Zhitong Finance App learned that Jiantao Laminated Board (01888) rose by more than 12%. As of press release, it had risen 11.66% to HK$6.61, with a turnover of HK$116 million.
According to the news, the price of raw materials for copper-clad sheets has risen further recently. Since the beginning of the year, the LME spot copper price has risen from 8430 US dollars/ton to 9,791 US dollars/ton, an increase of 16.1%. Furthermore, the price of thick fiberglass yarn and e-yarn continues to rise. Glass fiber companies such as China Jushi issued price increase letters one after another. China Jushi direct yarn recharged 200 yuan/ton to 400 yuan/ton; Shandong increased the price of glass fiber direct yarn by 300 yuan/ton to 400 yuan/ton; and the price of different types of glass fiber products under Changhai Co., Ltd. increased by 300 yuan/ton to 500 yuan/ton.
According to the China Merchants Securities Research Report, downstream demand has continued to pick up since the beginning of the year, the PCB operating rate has generally improved, while the prices of upstream main materials have continued to rise. Some manufacturers in the CCL industry have already raised prices for the first time in March-April. The bank closely followed and understood that the current recovery in downstream demand and the upward trend in upstream commodity prices have not changed. PCB manufacturers are expected to 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 will continue to recover.