Grace(SH:603256) 智通财经网·2025-11-30 07:56Group 1 - The demand surge driven by AI is causing shortages and price increases in the upstream PCB industry, particularly for high-end materials like CCL, electronic copper foil, and electronic fabric [1][5] - Companies are struggling to expand production capacity fast enough to meet the rapidly increasing demand for high-end products, leading to a supply-demand imbalance [1][5] - The overall market for PCB is experiencing a recovery, with high-end materials seeing increased demand and subsequent price hikes [1][5] Group 2 - The copper foil market is showing signs of recovery, with increased operating rates and rising processing fees due to strong downstream demand [2] - The industry faces a core contradiction of "low-end surplus, high-end shortage," leading to a potential acceleration in market consolidation [2] - High-end electronic copper foil is in short supply due to technical challenges and long certification cycles, with shortages expected to last until Q3 2026 [6] Group 3 - The electronic fabric industry has seen significant demand improvement, with sales prices increasing, particularly for high-performance products [3][4] - Macro trends indicate that demand for electronic fabric will continue to grow due to advancements in various technology sectors, including AI and autonomous driving [4] Group 4 - The price of high-end CCL is rising, with companies adjusting prices dynamically in response to supply constraints [5][8] - Companies like Pengding Holdings and Chongda Technology are implementing strategies to mitigate cost pressures from rising raw material prices, including optimizing product structures and enhancing cooperation with suppliers [8] Group 5 - The PCB industry is expected to benefit from sustained high demand driven by AI and other technologies, with projections indicating a compound annual growth rate of 5.2% from 2024 to 2029 [9]