Survive in the cracks, the price of raw materials has risen in all kinds of magnetic enterprises
The first quarter is over. Magnetic component manufacturers have been plagued by the price increase of raw materials in the first quarter of this year, dispersing their efforts in market development. The high raw material prices have caused magnetic component manufacturers and their downstream manufacturers to make prices. Game.
At the beginning of the Year of the Ox, the price of industrial metals led the raw material market. The entire industrial manufacturing industry was anxious and panicked. It was difficult for anyone to be alone. Each link in the industrial chain was conducted one by one. Internal emergency meetings and business negotiations were all for the purpose of Industry linkage, jointly bear the difficulty of price increase.
When the price of raw materials is rising!
After the festival, with the steadily rising global oil prices, various chemical raw materials have jumped. According to the research media, domestic bulk commodities have continued to rise since June last year. As of the end of February, integrated circuits have soared by more than 100%, paper prices by 50%, zinc alloys by 48%, stainless steel by 45%, copper prices by 38%, aluminum prices by 37%, plastics by 35%, and iron prices by 30% , Glass rose 30%.
According to incomplete statistics on global plastics, the current price increase in the domestic chemical industry has become an overwhelming trend. The price of some products has increased by more than 10,000 yuan/ton year-on-year, and the price increase has reached more than 153%. DuPont, SK, Nanya Plastics, BASF, Songyuan Group, Changchun Chemical and other engineering plastics companies issued price adjustment announcements at the end of February, with varying price increases.
Dongguan Nanjida Industrial Co., Ltd. specializes in the production of high/low frequency transformer cores (also known as "framework" in the industry), power supply housings, LED lamp housings and other products. These products are injection molded products, and the basic raw material is plastic. Li Xiang, deputy general manager of the company's marketing department, told reporters that the purchase price of raw materials for their products such as skeletons has increased by 20% in recent times.
Magnetic cores are the supply chain of magnetic component manufacturers, and the raw material purchase prices of magnetic core manufacturers have also increased to varying degrees. Encore Magnetic Devices Co., Ltd. independently develops, produces and sells sendust, sendust, super sendust, and iron-nickel products. General Manager Wang Liping said that the total purchase price of these products has increased by 30% recently.
Compared with the above-mentioned raw materials, rising copper prices have hit the electronics manufacturing industry the most deadly. The data shows that since the copper price rose from a low of US$4,371/ton in March 2020 to a high of US$9,617/ton in February this year, copper prices have risen by more than 100%. Spot copper prices in February hit a new high in the past ten years.
Copper futures are also rising all the way. As of 15:00 on April 2, the main Shanghai copper futures contract was reported at 67,090 yuan/ton, which is down from the previous high of 70,800 yuan/ton, but the overall trend is still high. Even if it is scrap copper, the price has risen. Just after the Spring Festival, many scrap copper purchase station owners made overnight profits. The "worth" of scrap copper that was forced to hoard due to epidemic prevention and control a year ago has skyrocketed, and even "a piece of copper is hard to find" situation.
In the domestic market, due to the full recovery of China's economic production, commerce and tourism have also been fully opened up, which has promoted the improvement of the economy and stimulated the demand for copper and other industrial metals. Starting from the third quarter, the growth rate of investment in power grids and power sources will continue to increase in order to achieve the goal of the full-year investment plan.
In foreign markets, the rate of new crown pneumonia vaccination in developed countries has gradually increased, and investment in the global communications field has increased the demand for copper materials in 2021. Major mining countries are still facing the impact of the epidemic, and the operating rate of mining facilities has always been difficult to return to normal. The gap could not be filled. As a result, economists have analyzed that the LME copper price for the entire year of 2021 can at least increase by more than 10%.
The price increase has been transmitted to the consumer terminal
In this surge of raw material prices, the electronics manufacturing industry bears the brunt of the impact of rising raw materials. Whether it is upstream electronic transformers or downstream consumer electronics, home appliances, industrial equipment and other terminal products, metal materials are the