Price Overview
| Material | Current Price Range | WoW | Trend |
|---|---|---|---|
| PTFE Resin | General grade ¥50k–54k/t; Electronic grade ¥150k–300k/t | +2%~+5% | Rising |
| PEEK Resin | Domestic industrial ¥400–600/kg; Imported ¥800–1,500/kg | 0% | Stable |
| Carbon Fiber | T300/12K ¥80–90/kg; T700/12K ¥120–150/kg | +1.5% | Rising (bottom reversal) |
| PI Film | Electrical grade ¥110–220/kg; Electronic grade ¥1.0–3.0M/t | Electronic +2% | Rising (high-end) |
| Specialty Ceramic Raw Materials | Zirconia ¥56k/t (general); Fused ZrO₂ ¥33k/t | +1% | Rising |
Key Movements
- PTFE Resin: general +2%, electronic +5%. Nvidia adopted PTFE as the core material for the Rubin Ultra orthogonal backplane, driving surging AI-computing demand; combined with rising fluorspar/hydrofluoric-acid costs and the industry’s “volume-control, price-protection” stance, the price center keeps moving up. High-end electronic-grade PTFE has exceeded ¥150k/t.
- Carbon Fiber: T300/12K +1.5% (bottom reversal). Toray raised prices 10%–20% from January; Jilin Chemical Fiber followed; low-altitude-economy (eVTOL, drones) demand is booming, capacity cleanup is taking effect, and inventories are falling.
- Specialty Ceramic Raw Materials (Zirconia): +1% (cumulative +29% YTD). Sinocera raised zirconia powder prices 10%–40% from July 27; zircon sand rose on geopolitical disruptions, yttria export controls lifted high-end YSZ costs; PCB grinding media, MLCC, and solid-state batteries are pulling demand.
- PEEK Resin: Stable. Domestic producers (Zhongyan, Junhua) keep expanding and substitution is pressing prices down; industrial grade is flat while imported high-end stays elevated on tight supply.
- PI Film: Electrical grade steady, electronic grade +2%. Kaneka raised all PI film prices 20% in April; the high-end electronic-grade supply gap is locked through 2027, driven by AI servers, advanced packaging, and foldable displays.
Impact Analysis
- Procurement cost: PTFE, zirconia, and high-end PI film keep rising, lifting costs for fluoropolymer and functional-ceramic products; carbon fiber sits at historic lows and PEEK is stable, so overall cost pressure is contained.
- Supply chain: High-end PI film and high-end zirconia are highly import-dependent; overseas supply cuts and long-term lock-ins tighten supply elasticity—watch FX and geopolitical logistics risks. Carbon fiber and PEEK have ample domestic supply, improving buyer leverage.
Actionable Recommendations
- Lock in now: PTFE (especially electronic grade), high-end electronic PI film, yttria-stabilized zirconia—clear upward trend, sign 3–6 month contracts to lock prices.
- Watch / hold: PEEK industrial grade (domestic expansion pressing prices, buy opportunistically); carbon fiber T300 (bottom-range oscillation, build positions in batches, no need to chase highs).
发表回复