新闻

Since the country's drastically launched 5G construction, the heat of the PCB industry has never dissipated. Starting from the second half of 2020, there have been frequent announcements from board manufacturers that demand exceeds supply and orders are scheduled until next year. However, the sudden outbreak and the severe Sino-US trade war have changed this situation.

Since the beginning of this year, with the intensified reversal of the industrial situation, the middle and lower reaches of the industrial chain are generally affected by rounds of out-of-stock price increases and are facing multiple crises, especially in the PCB market. Recently, someone in the industry said: "Compared with last year, we believe that the overall development of the PCB industry this year has tended to be weak; the industry is chaotic, and many PCB manufacturers are afraid to take orders even if they have orders."

基板价格飙升

今年以来，资本市场大宗商品表现十分抢眼。整体增幅远远超过了许多主要类别的资产，不久前还出现了激增。

根据《华西战略报告》的统计数据，LME铜价上涨近36%，ICE油价上涨32%，LME铝价上涨近28%。此外，LME铅、LME锌和LME镍的价格已上涨近10%或以上。

事实上，这波价格上涨并非一蹴而就，而是早在2020年就开始显现。铝、铜、铁等基础原材料价格飙升，直接导致PCB板制造商需要购买的铜箔、覆铜板等上游深加工材料价格持续飙升。

据统计，2020年，覆铜板行业的领军企业建滔已经进行了五次提价。今年5月，多家覆铜板制造商再次发布涨价通知。

其中，建滔将HB/VO/22F/CEM1板材价格上调5元/片，莱州鹏洲电子将22F/CEM-1板材价格上调6元/片；伟力邦电子将全覆铜板价格上调6元/片；松下将铜层压板、树脂生膜和后续片状材料产品的价格提高了15%-20%。

The prices of upstream materials continue to hit new highs, making the cost pressure that the board manufacturers have to bear gradually. Even so, the PCB boards cannot rise with the tide. When a manufacturer was asked about the price increase of PCB boards, he reluctantly said: "Do you think the overall price of consumer electronic products has risen this year? The prices of terminal products have not risen, how can we increase it?"

终端不买

目前，大多数PCB制造商的主要业绩来源可分为三个领域：消费电子、5G基站和新能源汽车。尽管5G基站和新能源汽车的市场需求在过去两年中迅速增长，但消费电子产品仍然是大多数电路板制造商业绩的主要贡献者。

The above-mentioned manufacturer told Jiwei.com: "Everyone has been emphasizing the need to increase profitability by making some high value-added products in the past few years, but before these emerging industries develop, the entire PCB industry has been oversupply for a long time, so board manufacturers rely on volume to make money. It’s difficult to change the tone of the market in the short term. Even with the blessing of 5G and the automotive market, the real volume is in consumer electronics."

"The situation in the consumer electronics market this year is not optimistic. Affected by Sino-US trade, the epidemic, and chip shortages, sales in the smartphone-based market have declined significantly, and terminal manufacturers themselves are facing greater pressure on sales and performance. At this point in time, there are very few customers accepting board manufacturers' price increases." The above-mentioned manufacturers continued to talk.

业内人士表示：“中国某手机品牌此前因材料成本增加而提高了其电视产品的销售价格，导致此类产品的销量迅速下降。”

与基站建设的现状相比，虽然5G普及的主题仍然存在，但不可否认的是，由于中美贸易问题的影响，中国5G基站建设的速度已经放缓。工业和信息化部今年年初表示，中国计划在2021年建设60万个5G基站。回顾2020年，中国新增了约58万个5G。

此外，由于今年新能源汽车市场注入了一股新的造车力量，而这一阵营主要由互联网和手机公司主导，它彻底颠覆了汽车公司原本稳定的终端市场。

业内人士指出，新能源汽车市场对PCB行业来说是一个非常好的发展领域，但新势力造车的概念与传统汽车企业完全不同，供应链管理的方法仍然与手机相同。现在，如果制造商制造一些传统的汽车公司，PCB板的价格是可以接受的，但手机品牌给出的价格非常低。

"Except for the boards used in tablets and laptops, PCB manufacturers who do other products are not so happy." The above-mentioned person said.