I just noticed a very interesting industry signal. Recently, there has been a clear price adjustment at the upstream materials end of the PCB industry, with leading companies like Kingboard announcing a unified 10% increase in the prices of basic materials and semi-cured PP sheets, which seems to be more than just simple price fluctuations.

From a macro perspective, the entire global electronic materials market is undergoing a profound transformation. The three-year inventory digestion cycle appears to be coming to an end, replaced by real cost pressures and structural supply tightness. Key raw materials such as resins and electronic glass fibers are beginning to genuinely experience supply contractions, meaning the entire industry chain will have to face rising costs.

Interestingly, this upstream cost pressure will not only impact the PCB industry but also trigger chain reactions across the entire electronic industry chain's pricing. Whether it’s chip manufacturing or consumer electronics, cost pressures will ultimately be passed down to the end products. This combination of "cost push" and "structural shortages" is reshaping the supply-side logic of the entire electronic materials market.

It’s worth continuously monitoring the evolution of this trend, as such industry signals often indicate that broader cost pressures are imminent.