--- title: "Recently, the electronic fabric market has seen a strong price increase, and six brokerages including China International Capital Corporation (CICC) expect there is still room for price increases" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/275713846.md" description: "Recently, the price of electronic fabric has risen, with the mainstream quotation for 7628 electronic fabric at 5.3-5.5 yuan/meter, an increase of 0.75 yuan/meter compared to the end of last year. China International Capital Corporation pointed out that the reasons for the price increase include slow expansion of weaving machine production and equipment shifting to produce low dielectric products, leading to a reduction in the supply of ordinary electronic fabric. It is expected that there is still room for price increases in the short term. Bank of China Securities and Guotai Junan Securities analyze that traditional electronic fabric has experienced a supply gap due to the shift to AI electronic fabric, and the demand for AI electronic fabric will be strong in the future, with 2026 being a year of volume and profit realization for AI electronic fabric" datetime: "2026-02-12T06:54:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275713846.md) - [en](https://longbridge.com/en/news/275713846.md) - [zh-HK](https://longbridge.com/zh-HK/news/275713846.md) --- > 支持的语言: [English](https://longbridge.com/en/news/275713846.md) | [繁體中文](https://longbridge.com/zh-HK/news/275713846.md) # Recently, the electronic fabric market has seen a strong price increase, and six brokerages including China International Capital Corporation (CICC) expect there is still room for price increases Recently, the price of electronic fabric in the market has risen significantly. Taking 7628 electronic fabric as an example, the mainstream market price is 5.3-5.5 yuan/meter, which is an increase of 0.75 yuan/meter compared to the end of last year, including tax. CITIC Securities believes that the basis for the price increase of electronic fabric includes: slow expansion of weaving machine production, with some companies switching equipment to produce low dielectric products required for AI, reducing the production of ordinary electronic fabric; a single weaving machine producing ultra-fine, ultra-thin electronic fabric may lose at least 50% of its capacity. The price increase trend of electronic fabric may continue in the short term. By 2026, the supply and demand of ordinary electronic yarn may be balanced, but ordinary electronic fabric may be affected by the shortage of weaving machines, providing a basis for phased price increases. Bank of China Securities stated that overseas cloud service providers have significantly increased capital expenditures, and it is expected that capital expenditures will grow significantly by 2026, focusing on AI infrastructure and cloud service expansion. The capital expenditures in the computing power market will continue to drive technological iteration and demand growth, and the computing materials market is also expected to benefit deeply. The transition of traditional electronic fabric capacity to low dielectric electronic fabric capacity has caused a supply-demand mismatch, and prices for traditional electronic fabric and low dielectric electronic fabric are expected to rise together. On one hand, high-end low dielectric electronic fabric is in short supply, and the transition of traditional electronic fabric capacity to high-end has led to a contraction in supply; on the other hand, the rise in bulk copper prices is transmitted to the CCL segment, and the price increase effect spills over to the electronic fabric segment, triggering a catch-up effect. Guotai Junan Securities indicated that since February, the price increase of traditional fiberglass electronic fabric has accelerated, confirming that the capacity of weaving machines transitioning to AI electronic fabric has led to a supply gap in traditional fabrics. The price increase has driven the profitability of leading fiberglass companies to continue to grow, while the demand for AI electronic fabric remains strong. The shortage of traditional fabric is still behind the low inventory under the "transition effect," with leading companies in traditional electronic fabric currently having only two weeks of inventory, while the inventory of thin fabric models such as 2116 and 1080 is even lower, mainly affected by the transition of weaving machines to AI special fabrics. The shortage of traditional fabric and the prosperity of AI electronic fabric are two sides of the same coin. In 2026, AI electronic fabric will enter a year of realization, and AI special fabric will enter a period of volume and profit realization: CTE fabric benefits from the demand for packaging substrates driven by both AI chips and consumer electronics; low dielectric fabric has a relatively high certainty in supporting second-generation fabric with M8 level copper-clad laminates under the ASIC chain represented by Google TPU. Overall, 2026 is a year for the volume and profit realization of AI electronic fabric. Zhongtai Securities believes that the unexpected price increase of electronic fabric in the off-season confirms the tight supply pattern, with the pace of price increases accelerating and the extent expanding, fully confirming the tight supply pattern. The core contradiction in industry supply lies in the shortage of weaving machines in the midstream weaving segment. The trend of AI-driven electronic fabric thinning exerts dual pressure on midstream weaving efficiency due to high density and low speed, leading to a significant decline in the output efficiency of a single weaving machine. Under limited weaving machine resources, high-margin AI fabric types prioritize occupying capacity, resulting in a passive contraction of ordinary electronic fabric supply and forming a supply gap. The long delivery time for imported equipment extends the industry's weaving machine shortage cycle It is estimated that the supply gap in the weaving machine segment will reach 6.1%/10.6% in 2026-2027. The supply-demand gap for weaving machines is expected to persist throughout 2026, supporting a continuous rise in the price center of electronic fabrics. In 2027, the supply-demand contradiction may fully erupt, and the industry's pricing logic may shift entirely to scarcity pricing. China Galaxy stated that AI computing power drives high growth in demand for specialty fiberglass fabrics, and high prosperity is expected to continue. Currently, the number of global specialty fiberglass fabric suppliers is scarce, resulting in a supply-demand imbalance and continuously rising prices. The transition to production has led to tight supply of traditional electronic fabrics, driving price increases, and electronic fabrics have entered an upward cycle of prosperity. Fiberglass companies are expected to report impressive performance in 2025, and industry profitability is likely to continue to recover. Against the backdrop of sustained high demand for AI computing power, there is still an expectation of rising prices for electronic fabrics, and industry profitability is expected to further recover. Changjiang Securities stated that electronic fabrics have dual prosperity. First, AI electronic fabrics benefit from high demand prosperity, with optimism about price increases under scarcity, especially for LowCTE and Low-Dk second-generation fabrics which have a larger gap. Second, ordinary electronic fabrics are constrained by weaving machine bottlenecks, which are expected to continue to see price increases. Toyota's weaving machine capacity is limited, and the efficiency of weaving machines has significantly decreased as they shift more towards thin fabrics. A gap in weaving machines has already formed in 2025, and this gap will continue in 2026 and will be fully expanded in 2027. Additionally, rising platinum prices are pushing up investment costs, which may suppress the supply rhythm to some extent. Ordinary electronic fabrics saw another significant price increase in February, maintaining a monthly price increase rhythm starting from the fourth quarter, with each increase of 0.2-0.3 yuan/meter, corresponding to an increase of about 5%. In early February, there was another increase, with a larger slope, rising by 0.5-0.6 yuan/meter, an increase of about 10%. The continued price increase in February during the off-season, along with an increasing price increase slope, indicates that the industry scarcity is accelerating fermentation ### 相关股票 - [CEE (002579.CN)](https://longbridge.com/zh-CN/quote/002579.CN.md) ## 相关资讯与研究 - [First Shanghai Securities Keeps Their Buy Rating on TCL Electronics Holdings (TCLHF)](https://longbridge.com/zh-CN/news/281609057.md) - [Two drones hit Iraq's Rumaila North oilfield, wound three Iraqi workers - security, energy sources](https://longbridge.com/zh-CN/news/281682161.md) - [Philippines Sen. 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