In the short period of four months since the beginning of the year, the prices of rare earths, the important raw materials for fluorescent lamps ( including energy-saving lamps ) and led devices, have risen sharply, with the highest increase of 200%. The current price is still in large fluctuations . Since rare earth is an important raw material for phosphors, fluorescent powders are used in fluorescent lamps, energy-saving lamps, and LED device packages. Therefore, the chain reaction caused by rising prices will definitely have a greater impact on related industries.
According to statistics, 80% of the world 's energy-saving lamps are produced in China. At present, there are more than 3,000 energy-saving lamps and related enterprises in China , with an annual output of more than 3 billion energy-saving lamps . It is a veritable global manufacturing center for energy-saving lamps. However, the high-end market is basically occupied by foreign brands such as GE and Philips. Most Chinese manufacturers are in the low-end market and their profits are meager. This time, the price increase of domestic rare earths will inevitably engulf the profits of Chinese energy-saving lamps companies that were not high. In addition, the continued turmoil in raw material prices will inevitably exacerbate market risks. Large-scale enterprises can still vertically integrate the upstream and downstream resources of the industrial chain, and even solve some risks by hoarding rare earths. For small-scale, weak market operations, companies with weak anti-risk capabilities will have a greater impact.
Although rare earth is also one of the important raw materials for LED lighting products, as a newly developed product, the current LED lighting profit is still relatively high, basically more than 30% , and from the cost point of view, although the price of rare earth and metal materials It will increase year by year, but the price of chips , which account for the main part of the cost of LED lighting products, will continue to decline, which can offset the price increase. Under this circumstance, more companies are expected to accelerate the transition to LED lighting products.
In fact, in recent years, most traditional lighting companies have begun to invest in the production of LED lighting products, but the strength is different. However, with the increase in the prices of raw materials such as rare earths, the competition in the traditional lighting products market will further intensify, which will enable more companies to realize that the transition to LED is the general trend and is expected to accelerate this process.
However, it should be noted that the raw material price increase factor will certainly bring large enterprises in the traditional lighting field into the LED lighting industry, and will also drive more small enterprises to join the LED market. At present, the semiconductor lighting industry has faced many enterprises, small scale, and insufficient technological innovation capability. Most enterprises focus on the low-end market and low-level repeated competition. The accelerated entry of a large number of traditional lighting companies will inevitably make the competition more intense.
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