PCB Super Cycle - What Will Exceed Expectations in August 20260730

English summary

### PCB Super Cycle - What Will Exceed Expectations in August 20260730 Time: 2026-07-30 17:43:58 Content: The fundamentals of the PCB industry chain exceed expectations, and AI demand drives materials and equipment into a price-increase cycle. Summary: ① The fundamentals of the PCB industry chain exceed expectations, with inventory declining and supply constrained by upstream electronic cloth. Price increases accelerate in August: 7,628 thick cloth is expected to raise prices by 1-1.5 yuan/meter, thin cloth by 2 yuan/meter, and CCL is also expected to rise. ② The supply-demand gap for AI PCB is clear, with an estimated gap of about 5% in 2026, expanding to over 10% in 2027; Rubik platform stocking is normal, and the cabinet launch in early September will be a key catalyst. ③ Electronic cloth prices hit a record high; the core bottleneck is that Japanese loom capacity is locked in by the AI field, and domestic equipment cannot replace it in the short term, with supply tightness expected to last until the end of 2027. …