1: Why is copper in the first quarter of February when the season can still price?
Changchun Taiwan copper foil factory in March from the old repair, is expected to affect the output of four to May, while Changchun downstream CCL customers in January and February in the market to find other production capacity, making the supply is relatively tight. Thus, the copper sheet is not short season in the off-season.
2: Why is the recent rise in copper prices?
1) CCC manufacturers currently purchase bottlenecks in fiberglass cloth, can not buy fiberglass cloth in the case,
Even if there is copper can not achieve production.
2) copper foil = copper + processing fees, up first up processing fees, the rapid rise in copper prices by the end of last year, 1Q17 average processing fee higher than 4Q16, has been located in the high. 3) 1, February standard copper foil processing costs higher than the lithium copper foil faster, the two levels have been approaching, lithium copper foil in the first quarter that is the original electric car sales off-season. More than three factors affect the recent copper prices may not rise the overall price increase.
3: Why is fiberglass cloth less than copper?
1) fiberglass cloth electronic grade and industrial grade mismatch, market concentration to promote price increases. Over the past few years, glass fiber cloth business operations bleak, prices fell to a record high of 20% -30%, small factory production capacity to withdraw.
2) cold repair will affect the subsequent supply. Glass fiber manufacturers inventory close to the bottom, or even full sales of the whole sale. 2/15 glass fiber leading South Asia announced the beginning of a cold repair an annual output of 30,000 tons of yarn kiln, which lasted 3 months. 3) short-term expansion difficulties, expansion cycle for one to two years, mainly kiln construction needs a year and a half, once the operation is three to five years can not be discontinued; and manufacturers for the expansion of partial attitude cautious. Coupled with the impact of cold repair, looking forward to the whole year, in addition to Kingboard will expand 30%, the total production capacity of fiberglass can not be substantially increased.
4: copper foil expansion period why the longer pull the longer?
Copper foil expansion cycle from the initial year to a year and a half, and further extended to 18 to 24 months. The reason is to master the bottleneck of the key equipment cathode roller is the Japanese manufacturers, and will not increase the demand for copper foil expansion cylinder. 15 at the end of the decision to expand the manufacturers, this year it is more likely to clear out the new capacity (land may have Nord and ultra-Hua, Taiwan-funded Changchun). Thus, the release of new capacity will not be as fast as expected.
5: the industry chain this year can continue to price it?
1) the upstream material glass fiber cloth market supply shortage, the situation at least to maintain a year.
2) copper supply and demand and new energy car sales are directly related to the current based on 2070 700,000
Sales forecast, if sales exceeded expectations or policy support efforts will be further promoted
Industry chain continues upward. We are optimistic about this year's price will continue.