普涨30%，隔膜第二波涨价潮强势来袭！

Core Viewpoint - The wet diaphragm industry is experiencing a significant price increase, with leading companies raising prices by 30%, marking the start of a second wave of price hikes in the sector [2][3]. Group 1: Industry Capacity and Demand - The capacity utilization rate of leading wet diaphragm manufacturers has significantly increased, with overall industry utilization exceeding 90%, driven by strong terminal demand in Q4 and downstream manufacturers stocking up on materials in anticipation of next year's demand [5]. - By 2026, downstream battery manufacturers are expected to shift from dry to wet processes, further boosting the demand for wet diaphragms, with large supply orders likely to emerge as discussions on supply for 2026 take place at the end of the year [5]. Group 2: Price Dynamics - The price of wet diaphragms is expected to break free from cost logic and achieve full marketization, as the past three years saw prices decline due to oversupply, leading to reduced profitability for manufacturers, some of whom faced losses [6]. - Following the first wave of price increases, leading wet diaphragm companies have turned losses into profits, and the second wave of price hikes is pushing the market towards a more market-driven pricing model, with potential for price increases to exceed expectations [6].