B[Consumer orders pick up and China’s e-commerce logistics index rises slightly in September] On October 13, the China Federation of Logistics and Purchasing released the China E-commerce Logistics Index in September today (13th). The index rose slightly month-on-month, online consumer demand was concentrated, and e-commerce logistics operations maintained a positive trend. China's e-commerce logistics index in September was 111.9 points, an increase of 0.4 points month-on-month. Among the nine sub-indexes, the total business volume index, rural business volume index, inventory turnover rate index, logistics timeliness index, fulfillment rate index, satisfaction rate index, personnel index, and load rate index all rose simultaneously, while the cost index fell slightly. From the demand side, seasonal consumption and holiday consumption have combined to drive growth, and holiday gifts have become a new growth engine, driving the growth of online orders. The demand for autumn clothing and travel equipment is accelerating, sales of seasonal products are booming, and the consumer electronics market is heating up. B[AI computing power and new hardware layout are implemented, and consumer electronics performance continues to be realized] Judging from the information released at the semi-annual performance briefings of many A-share consumer electronics companies, the industry is gradually getting rid of reliance on traditional businesses such as mobile phones and PCs, and is accelerating its layout in tracks such as AI computing power, robots, and AI glasses. On the computing power track, many companies have taken advantage of technological breakthroughs, production expansion and mergers and acquisitions to increase core links such as complete computing power machines and liquid cooling. A number of products are expected to be mass-produced in the second half of the year. In addition, relying on the advantages of precision manufacturing, many companies have invested in new businesses such as folding screen materials and AI wearables, cultivating new growth drivers on multiple fronts. (Shanghai Securities News) B[The price of "electronics industry rice" has increased by up to ten times, and the market has fluctuated violently] MLCC (multilayer ceramic capacitors) are called "electronics industry rice" in the industry. From mobile phones and home appliances to AI servers and new energy vehicles, almost all electronic devices are inseparable. Recently, the component market has gone through extreme polarization: AI has driven high-capacity model shortages to skyrocket, and some spot stocks have surged several times; ordinary consumer-grade products have surged and fallen. Behind the cold and hot trends is the stirring of the wave of AI computing power. The market began to ferment at the end of May. News of the explosive demand for AI computing power has been transmitted to the component market. Major overseas manufacturers have shifted a large amount of consumer-level production capacity to high-end AI products. The market is worried about the tightening supply of conventional materials, and channel dealers have been hoarding goods. Entering June, the spot market has entered a hot state of "one price a day, or even one price an hour". Some popular models have increased by 7-8 times in just one month, and spot prices have been speculated up to 2-10 times the original price. By early July, spot prices reached their highest peak and then quickly turned around. Channel dealers who had stocked up in large quantities in the early stage concentrated on shipping, but the demand for downstream consumer electronics terminals was weak and there was a lack of sufficient capacity to take orders. Consumer MLCC prices have experienced a significant correction. Merchant Chen Zhixiao gave the example of the most common material number 0603-104 on the market: "This is the most commonly used material among all capacitors. In the second quarter, 1,000 pieces were sold for about 5 yuan; at the peak at the end of June, they could be sold for 30 yuan, but now they have dropped to 10 yuan." (CCTV Finance) B[iPhone Duo purchase orders have been reached, and the transaction price has increased by 150%] On September 11th, Apple recently launched its first folding screen mobile phone iPhone Duo at the autumn new product launch. Although there is still more than a month until the official release, iPhone Duo has already seen demand for pre-orders and pre-orders, and some merchants have also made high-price quotes in advance. Dewu App shows that iPhone Duo pre-sale orders have been completed, and the transaction price has reached 39,999 yuan, which is an increase of 24,000 yuan from the official starting price of 15,999 yuan, an increase of about 150%. At the same time, the current bidding price of some merchants on the platform has reached 59,999 yuan, which is 44,000 yuan higher than the official starting price. (Interface News) A[One picture to understand: the three giants compete on the same stage! Folding screens are gaining popularity again, sorting out related industry chain targets] September 9th, September 7th, Huawei and Xiaomi’s new folding screen products were unveiled on the same day. Less than 72 hours later, Apple’s first folding screen iPhone will also be officially launched in the early morning of September 10th. The three giants rarely compete on the same stage, pushing the popularity of the folding screen track to a climax. At present, the folding screen market is growing rapidly, and there is a trend of giants competing for hegemony. From the perspective of cost characteristics, the core cost increase of folding screen mobile phones is mainly concentrated in the three major areas of display modules, mechanical/electromechanical components, and memory. Among them, the hinge is the link with the highest technical barriers in the folding screen industry chain. In this issue, I will take you through a picture and systematically sort out the core targets in the industry chain related to folding screen mobile phones. B[Public offering surveys exceeded 1,400 times in the first week of September, and the electronics industry is highly favored] September 7th, in the first week of September, the public offering survey trends were announced. Data from the Public Offering Ranking Network shows that last week (August 31-September 6), a total of 142 public offering institutions participated in A-share research activities, covering 175 stocks in 27 Shenwan first-level industries. The total number of surveys reached 1,428 times, continuing the high enthusiasm for research. From an industry perspective, public equity institutions showed high enthusiasm for research on 11 industries last week, and all of them were surveyed no less than 50 times. Among them, the electronics industry is the most popular. Research by public equity institutions covers 27 stocks in this industry, with a total of 303 surveys. Both the number of stocks surveyed and the number of surveys are clearly ahead of other industries. B[Organization: CPU supply improves, annual decline in global notebook shipments converges to 9.4% in 2026] "Science and Technology Innovation Board Daily" reported on the 4th that according to TrendForce's latest notebook industry research, notebook CPU supply has improved significantly since the second quarter of 2026, and brand factory procurement and production rhythms have gradually resumed. Taking into account the continued rise in DRAM and SSD costs, they are willing to be more active in stocking up and locking in components, driving shipments in the first half of the year to be better than expected. However, the memory price increase trend remains unchanged, and CPU prices have also increased, and the cost pressure faced by brands has further expanded. According to TrendForce, in the second half of 2026, as the shortage of CPUs slows down and brands continue to stock up in advance. Coupled with factors such as early replacement of machines by end consumers and stable business demand, the estimated shipment situation will be revised upward simultaneously. The decline in notebook shipments for the whole year of 2026 is expected to converge to 9.4%.
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