The price of core materials for photoresist photoinitiators continues to rise: a review of concept stocks

Since the beginning of this year, the price of photoinitiators has continued to rise. According to Baichuan Yingfu data, on August 11, the price of photoinitiators was raised again, with the latest quote reaching 95 yuan/kg, an increase of 5.56%. Since August, the cumulative increase in photoinitiators has been nearly 15%, and the cumulative increase this year has reached 26.67%. As a core raw material required for the manufacture of photoresists, there is significant domestic substitution potential for photoinitiators. According to incomplete statistics from Securities Times·Data Treasure, there are mainly 7 listed companies participating in the production of photoinitiators in the A-share market, among which Jiuri, TRONLY, and Yangfan New Materials are domestic leaders. In addition, Xinhang New Materials, Feikai Materials, Kanda New Materials, and Hubei Yihua also have related products