Nt since mid-september, the dollar fall 6%, if the exchange rate to maintain similar level in the fourth quarter, the domestic PCB manufacturer's profit is expected to increase from the original expectations 5 ~ 11%, among them, and with a low gross margins manufacturers benefit from larger. In addition, the international copper prices fell twenty percent, low technology level of double-layer plate and four layer board suppliers will be relative benefit, these effects will be appeared in the fourth quarter, but also because of the rally, will be slightly erosion load plate. Taiwan currency as a whole, how many have positive help for PCB manufacturers operating in the fourth quarter, however, as a legal person said, you also need to pay attention to sustainability, and outflow of money short presentation.
Exchange gains and losses is the end of last season and the end of the season exchange change, at the end of June 28.72 against the dollar: 1, 30.65 at present: 1, the depreciation of nearly 6%. Due to the poor American business prospects, most manufacturers expect the dollar will continue to fall, investment institutions are expected by the end of t will rise to o. In addition to the usual original natural hedge vendors, including software and jia lian xin xing, JingShuo, xu yi, Taiwan table, most companies in order to reduce the impact of the dollar has been reduced to $, but the European debt problem cause hedge funds into dollars, $caused sharp rise, because the actual direction contrary to expectations, expected most exchange earnings.
And observe the raw material quotation in dollars, the dollar, often prompted in raw material prices. Copper production costs 25 to 35% of PCB manufacturers, including multilayer technique difficulty is higher, using less copper, double plate and four layer board with low technical difficulty, with copper content more. Recent copper prices fell to $7100 a tonne or fell 20%, and the manufacturer's production cost can be reduced 5 to 7%, is advantageous to the copper foil substrate manufacturers, double plate and four layer board suppliers, including photoelectric JingPeng, Taiwan, the competing countries. Due to the manufacturer and some relative high price of raw material inventory, and the effect of the production costs down, in the fourth quarter to emerge.
In addition, due to the short term rally, loading board factory in the third quarter profit slightly affected by extrusion. In the second quarter average price at $1500, in the third quarter, gold prices to surge to $1900, once estimated quarterly average at $1700, or 13% rise, gold prices rose 10%, each loading board factory 1% decline in gross margin. JingShuoYing 90% from loading board, south electricity 50% 50%, xin xing, related products manufacturers in the third quarter, combined improvement or yield increased, but slightly offset impact. Therefore, as a legal person expect JingShuo third quarter gross margin declined slightly, south electricity back up, xin xing to modestly.
