Index
On April 7, 2022, the Shanghai Composite Index closed at 323670 points, down 1.42%; The Shenzhen composite index closed at 1197202 points, down 1.65%. The semiconductor material index closed at 727768 points, up 3.65%; The display panel index closed at 200756 points, down 2.48%; The photovoltaic auxiliary material index closed at 173187 points, down 2.66%. The top three companies in the semiconductor material industry are: Thinkon Semiconductor Jinzhou Corp(688233) ( Thinkon Semiconductor Jinzhou Corp(688233) , 1.27%), National Silicon Industry Group Co.Ltd(688126) ( National Silicon Industry Group Co.Ltd(688126) , – 0.68%), Konfoong Materials International Co.Ltd(300666) ( Konfoong Materials International Co.Ltd(300666) , – 2.00%).
Comments
According to the statistics of energytrend on April 6, in the field of silicon wafers, the average transaction price of M10 monocrystalline silicon wafers was 6.77 yuan / piece, with a weekly increase of 1.96%; The average transaction price of G12 monocrystalline silicon wafer was 9.05 yuan / piece, with a weekly increase of 2.14%. The overall price of silicon wafer still keeps a steady upward trend, and the demand of emerging technology industries such as downstream semiconductor and photovoltaic continues to be strong. However, affected by the epidemic factors, the current operation of the industrial chain lags behind, the logistics transportation is blocked, the chip turnover is slow and the production capacity is insufficient. The reduction of chips may form further pressure on silicon chip enterprises to raise prices. In addition, in the market environment with high raw material prices, in order to reduce costs and improve production, the main silicon wafer enterprises in the market are accelerating the process of silicon wafer thinning, the preference of terminals for large-size and thin sheets is becoming more and more obvious, and the mainstream thickness of large-size silicon wafers has been reduced to 160 μ m。
Industry dynamics
According to the recent statistical prediction data of Qunzhi consulting, the quotation of TV panel may still decline to a certain extent in April, and the price decline of small and medium-sized sizes is less than that of large sizes. From the performance of all sizes, the price of 32 inch products will fall again in April due to the weak terminal demand; Due to the relatively loose supply and demand environment, the price of 43 inch products is expected to maintain a decline of about US $2 from April to May; The early price of 50 inch products decreased rapidly, and the price is expected to stabilize in the second quarter; The price of 55 inch products is expected to maintain a decline of US $4 in April. From the demand side, the continued low consumption of the terminal market has led to the weakening of brand procurement demand and the continued decline of panel prices. From the supply side, the overall supply of TV panels is still relatively oversupply, and the supply scale remains high. (group intelligence consulting)
Risk tips: the impact of the epidemic spread exceeded expectations, the cost rise of the upstream industry exceeded expectations, and the recovery speed of the terminal market was slower than expected.
