Changes in Hong Kong stocks | Jiantao Laminated Board (01888) rose more than 9%, and the company issued another price increase notice, the agency says the price increase of copper-clad plate is expected to continue

The Zhitong Finance App learned that Jiantao Laminated Board (01888) rose by more than 9%. As of press release, it had risen 9.08% to HK$13.46, with a turnover of HK$62,097 million.

According to reports, on December 26, Jiantao Laminate issued a price increase notice, indicating that copper prices are currently skyrocketing and glass cloth supply is tight. Due to cost pressure, prices for all materials will be uniformly raised by 10% from the same day. It is worth noting that the price of Jiantao laminated boards has increased several times this year. On August 15, Jiantao announced an overall price increase of RMB 10 per board; on December 1, due to a sharp rise in the prices of copper, glass cloth and chemical raw materials, Jiantao issued a price adjustment notice. Prices for CEM-1/22F/V0/HB products were raised by 5%, and the prices of FR-4 and PP products were increased by 10%.

According to the Guojin Securities Research Report, demand for AI is strong and the cost of upstream raw materials is rising, and the price increase of copper-clad plates is expected to continue. Strong demand for AI has led to a sharp rise in PCB prices. Currently, many AI-PCB companies have strong orders, full production and sales, and are vigorously expanding production. High performance growth is expected to continue in the fourth quarter and next year. AI copper clad plate is also in high demand. Due to the slow expansion of overseas copper clad plate production, leading mainland copper clad plate manufacturers are expected to benefit positively.