Core Insights - The price of tungsten has surged over 100% this year, impacting the costs of electronic specialty gases and semiconductors [1][2] - Major producers of hexafluorotungsten (WF6) have announced price increases of 70%-90% for semiconductor manufacturers starting next year due to rising raw material costs [2] - Companies like China Shipbuilding Special Gas (中船特气) are experiencing significant stock price increases in response to these market changes [1][2] Industry Overview - The price of tungsten concentrate, tungsten powder, and ammonium paratungstate (APT) has more than doubled this year, leading to increased costs for downstream products [1] - Hexafluorotungsten is a critical electronic specialty gas used in semiconductor manufacturing, particularly in the deposition processes for logic and memory chips [2][3] - The semiconductor industry relies heavily on electronic specialty gases, with WF6 being the second-largest manufacturing material after silicon wafers, accounting for 13% of wafer manufacturing costs [3] Company Insights - China Shipbuilding Special Gas is the leading domestic producer of hexafluorotungsten, with an annual production capacity of 2,000 tons [1][3] - The company has established long-term supply agreements with most clients, allowing for price adjustments based on significant cost changes [2] - Other companies in the A-share market, such as Haohua Technology and Heyuan Gas, are also involved in the production of hexafluorotungsten, with Haohua Technology holding a significant market share in specialty gases [4][5]