March will have LED the traditional peak season, LED lighting large cycle will start in 2014, the supply and demand pattern will restore to cyclical highs in 2010; Sapphire price in 2014 is expected to continue to rise, together into the boom cycle, investment opportunities in the most worth waiting for.
"New iPhone is expected to be the first time use sapphire screen, will become the most widely applied since 2014, the new material" expectations has gradually been known by the market, but the market still ignored the arrival of a large cycle: LED lighting large cycle starts, will drive before consumer electronics are widely used in sapphire industry first to usher in a new round of economic cycle. Sapphire throughout will become the mainstream electronic high booming niche industry of new material application, investment opportunities in the most worth waiting for.
LED is still sapphire industry first demand driven, will benefit from the LED lighting large cycle start first to usher in a new round of economic cycle. Demand LED substrate sapphire application proportion reaches eighty percent, basic synchronization with sapphire cycle LED the boom. LED lighting large cycle began in 2014, the supply and demand pattern will restore to cyclical highs in 2010; Sapphire price in 2014 is expected to continue to rise, together into the boom cycle.
Resonates with LED lighting, was approaching the peak season, stronger inflationary expectations. Industry chain research shows that 2 inches (mm) crystal sapphire rod prices have in the year of $3.5 to $4, 4 "is $12.5 increase to $15 from the beginning of the year. March will have LED the traditional peak season, in the context of capacity utilization rate remains high, the future is expected to last price increases, quarter rose about 10% to 20%; The company is expected to gross margin is expected to reach more than 40% (20% + 2013).
Technology drives the sapphire supply and demand pattern is better than market expectations. Technological progress to promote the rapid ascension, LED substrate size than 4 inches in 2014 is expected to close to seventy percent, the LED large dosage of substrate will rapidly promote the big bubble chamber body demand long crystal furnace, and the big cavity length high barriers to crystal, high sentiment is expected to last two years.
Bullish on sapphire cycle, is expected to take the lead to drive in the first half of the LED, the runner in the second half of the consumer electronics, in a larger market.
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