The earthquake has hit the Japanese aluminum capacitor industry. Four of the world's top five aluminum capacitor manufacturers are in Japan, and Fukushima Prefecture and surrounding areas, which are close to the epicenter, are the main centers of these manufacturers. It is estimated that the disaster will affect more than 50% of the entire Japanese aluminum capacitor and electrode foil capacity. At the same time, Japan is in a state of power shortage, and the industrial power consumption of the remaining capacity cannot be guaranteed.

  The main points

Short-term: The global supply of aluminum capacitors will be greatly affected. Aluminum capacitors account for 1//3 of the entire capacitor industry, and its wide range of applications will continue to support consumer demand. At present, the aluminum capacitor industry is mainly concentrated in East Asia such as Japan, China, Taiwan, South Korea, etc. The high-end capacitor industry is mostly monopolized by Japan, and the top four companies in the world are in Japan. It is expected that the earthquake will cause a huge gap between supply and demand in the short term, which will stimulate the rise of aluminum capacitor products, especially high-end products.

Mid-term: Japan is an important exporter of high-end capacitor raw materials - medium and high pressure foil. Although the reduction of domestic aluminum capacitors offsets some of the demand for foil formation, it will affect the supply of medium and high pressure foils outside Japan. Since 2010, the international medium and high pressure foil has been in short supply. It is expected that the earthquake will deepen the supply of medium and high pressure into foil, which will stimulate its price increase.

Long-term: This event will accelerate the industrial transfer of the aluminum capacitor industry. Aluminum capacitor technology (especially the core technology for the production of medium and high pressure foils) is mainly concentrated in a few countries in Japan and Europe and the United States, but due to the extreme energy consumption of chemical foil production (the whole process consumes about 70 degrees per square meter), the industrial transfer is The trend of the times. In recent years, China's industrial technology has improved rapidly, and human and energy costs have been low, which has become the focus of global industrial transfer. At present, globally renowned aluminum capacitor manufacturers have set up production bases in China. Since 2005, China's aluminum capacitor industry has been completely dependent on imports in the past. By 2010, it accounted for about 30% of the global market, but the middle and low-end products are mostly, and high-end products still need a large amount of imports. At present, Japan is in a state of power shortage and strict power limitation, and its impact on the aluminum capacitor industry will be even more profound. The earthquake in Japan is expected to accelerate the transfer of Japan's high-end aluminum capacitor industry to China. (Reprinted from Chinalco)