2 1 Shi Ji Jing Ji Bao Dao·2026-02-11 08:09Core Viewpoint - The electronic cloth industry is experiencing significant price increases driven by high demand for advanced products and supply constraints, particularly in the context of AI and high-performance computing applications [2][3][4]. Industry Overview - On February 11, the A-share fiberglass sector saw a substantial rise, with the Wind fiberglass index increasing over 10%, led by companies like China Jushi, International Composites, and others reaching their price limits [2]. - The electronic cloth, essential for manufacturing copper-clad laminates (CCL) and printed circuit boards (PCB), is witnessing a tightening supply situation as demand shifts from high-end to ordinary products [2][3]. Price Trends - Since 2025, the electronic cloth supply chain has undergone four rounds of price increases, with a recent significant hike noted on February 4 by leading fiberglass companies [2][3]. - Analysts expect the price increases for traditional electronic cloth to continue into 2026 due to persistent supply-demand gaps and rising costs [3]. Demand Drivers - The demand for electronic cloth is being bolstered by the recovery in sectors such as home appliances, new energy vehicles, and consumer electronics, alongside the growing influence of AI technologies [3][4]. - The global AI server market is projected to grow from $125.1 billion in 2024 to $158.7 billion in 2025, with electronic cloth playing a critical role in supporting high-performance applications [4]. Company Performance - Companies like International Composites and Honghe Technology have reported significant profit growth for 2025, attributing this to rising prices of fiberglass products driven by increased demand [6]. - China Jushi is expected to achieve high growth in 2025, with a reported revenue of 3.323 billion yuan in the first three quarters of the previous year, marking a 77.27% year-on-year increase [6].