China’s aluminum prices will rise steadily and domestic smelters will continue to enjoy healthy profit margins in the first half of 2021 thanks to production curbs and destocking driven by economic recovery and strong demand, Henan Shenhuo Group’s chairman Li Wei said on the sidelines of the National People’s Congress and the Chinese People’s Political …
China’s Aluminum Prices To Rise Steadily in H1 2021 Read More »
The ongoing global chip shortage has roiled the automotive and consumer technology industries for months. But the ripple effects of the crisis, which could last into 2022, stretch far beyond automakers idling plants and consumers waiting longer for the latest gaming consoles. According to an analysis by Goldman Sachs (GS), the semiconductor shortage touches a …
Lighting Industry Is Being Hit by the Global Chip Shortage Read More »
More liner disruption caused by the week-long Suez blockage has pushed freight rates upwards again with the SCFI reaching a new historical high on 23 April. Traffic through the Suez Canal was blocked for 6.5 days by the grounded vessel EVER GIVEN (20,388 TEU). This blockage delayed many ships by one or two weeks, forcing …
Suez Canal Blockade Pushes Freight Rates Further Upwards Read More »
According to TrendForce latest report, the COVID-19 pandemic is expected to be eased in 2021. Automotive LED, video wall and lighting market demand is expected to recover, and demand for Mini LEDs will take off as well. In addition, horticultural lighting and UV LED market demand will consistently grow quickly. According to TrendForce, the LED …
LED Market Value in 2021 is Projected to Increase to USD 16.531 Billion Read More »
The 129th China Import and Export Fair will be held online between April 15 and 24. Continuing to hold the 129th session online will consolidate the gains in the prevention and control of the COVID-19 epidemic, as well as social and economic development. The Fair will further play its role as a platform for all-round …
The 129th Canton Fair will be held online between April 15 to 24 Read More »
China’s exports surged in the first two months of the year, reflecting strong global demand for manufactured goods and with figures partly skewed by the low base in 2020 when the economy was in lockdown. Exports jumped 60.6% in dollar terms in the January-February period from a year earlier, data from the General Administration of …
China’s Soaring Exports Show Strong Demand a Year After Lockdown Read More »
While major OEMs such as Apple and Samsung prepare to release their new notebook computers, tablets, and TVs that are fully equipped with Mini LED backlights this year, various companies in the LED supply chain began procuring Mini LED chips ahead of time in 4Q20, leading to an explosive demand growth for these chips, which …
According to the latest TrendForce’s report ‘2021 Global LED Lighting Market Outlook: Light LED and LED Lighting Market Trend (1H21)’, the global LED lighting market is more optimistic than previous estimates, it is estimated with an opportunity to grow 5.1% in 2021. In the short term, due to the rapid spread of COVID-19 around the …
TrendForce: 2021 Global LED Lighting Market Outlook Read More »
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