“材”荒警报拉响，AI狂飙下PCB上游高阶品类缺货涨价

Group 1 - The demand surge driven by AI is causing shortages and price increases in the upstream PCB industry, particularly affecting high-end raw materials like CCL, electronic copper foil, and electronic fabric [1][2] - The current market situation shows that while low-end products are not in shortage, high-end products related to AI are experiencing significant demand and price hikes [2][3] - Companies are facing challenges in expanding production capacity to meet the rapid growth in demand, with some executives indicating that high-end product demand is consuming capacity too quickly [1][7] Group 2 - The copper foil market is showing signs of recovery, with increased operating rates and a gradual rise in processing fees due to strong downstream demand [3] - The industry is currently facing a core contradiction of "oversupply in low-end products and insufficient supply in high-end products," leading to a potential industry reshuffle [3][8] - High-end electronic copper foil is particularly scarce, with challenges in achieving the required technical specifications and production processes [3][8] Group 3 - The electronic fabric industry is experiencing significant demand growth, with a notable increase in sales prices driven by high-performance electronic fabrics [4][6] - Companies like Honghe Technology have reported substantial profit increases, with net profits rising nearly 17 times year-on-year, reflecting the positive market conditions [4][5] - The price of ordinary electronic fabric has also seen an increase, attributed to product structure adjustments and high-end product shortages [4][5] Group 4 - The high-end CCL market is witnessing simultaneous increases in both volume and price, with companies adjusting prices multiple times throughout the year [7][10] - The demand for high-performance materials in applications such as AI servers and automotive electronics is driving the need for high-end CCL, which is currently in short supply [7][9] - Companies are actively working to stabilize raw material supply and optimize product structures to mitigate the impact of rising raw material prices [10][11] 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 [11] - The global PCB market value is anticipated to approach $95 billion by 2029, highlighting the industry's growth potential [11]