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Jabil's Global Commodity Intelligence Archive
Q3 2022
Jabil's Global Commodity Intelligence Archive
Q3 2022
PCB COMMODITIES
PRINTED CIRCUIT BOARDS
- Average lead times have reduced to 8 weeks from 12 weeks.
- Capacity in China PCB factories running at 80% – 90%, some slivers of availability to support upsides for certain market sectors.
- Covid lockdowns in Kunshan and other Chinese cities have been impacted local PCB manufacturers, seeing both their production and shipments disrupted.
- Deliveries of both outbound and inbound impacted by time-consuming screening process for trucks entering and leaving cities.
- Logistics remains the biggest challenge to PCB supply, capacity and lead times are stable, but logistics is not smooth, and some companies believe that the impact is limited. The third quarter will not decline and should see some small growth.
- TTM to open a new state of the art, highly automated PCB manufacturing facility in Penang, Malaysia.
- Site will be 27 acres, located in the Science Park, Penang. Construction begins in 2022 with equipment installation in 2020.
- Facility will assist customers in commercial markets such as networking/telecom, data center, computing, medical, industrial and instrumentation.
- Market Update
- Multilayer boards
- Demand for PB PCs, computer peripherals, and the consumer market is generally weak.
- Strong demand for server, networking, industrial and automotive.
- Multilayer boards
- FPC
- Strong competition especially in China.
- EV battery pack FPCs attract market attention.
- Substrate
- FCBGA supply remains tight.
- The lead time for BT substrates is normalizing, 6 to 10 weeks.
- HDI
- Good demand in Q2 2022. Inventory adjustment and improving component supply.
- Chinese smartphone demand, however, is still weak.
- Expectations are for very small pockets of price increases passed through in Q3 of CY2022, especially with suppliers who implemented increases in Q1/Q2. This is expected to normalize to the point where some slight cost reductions could be offered in Q4.
- PCB suppliers are still very wary of the downstream supply chain and volatility affecting it with current geopolitical situations and how the raw material pricing (especially copper/oil/gold) can alter the CCL price.
- Rigid Laminate PCB material costs:
- CCL and raw material demands, and prices are generally trending down.
- Cu LME cost remains stable, but the processing cost is declining due to weak demand.
- Glass fiber cost is dropping more consistently.
- Thick CCL market price is declining; however, thinner CCL is more stagnant.
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