Rising copper foil prices will likely prompt Taiwan-based CCL makers to further raise their quotes later in the first half of this year, according to industry sources.

China's CCL maker Kingboard Holdings and Taiwan's peers including Elite Material, Iteq, Taiwan Union Technology and Ventec International all just hiked quotes for some specific product items before the Lunar New Year holidays, to reflect increased material costs and tight supply, the sources said.

As copper prices listed at London Metal Exchange (LME) have rallied to a nine-year high of over US$9,000 per metric ton this week, CCL makers are facing increasing pressure to raise quotes, the sources noted, adding that they may do so if terminal demand remains strong and copper prices continue trending upward.

The sources said continued depreciation of the US dollar has been the largest driver for LME copper price rallies seen over the past year, and the prices are likely to rise further.

Despite the ever-higher copper prices, CCL makers are all running at full capacity to fulfill robust orders, particularly for automotive PCB production, the sources added.