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4-Layer ENIG PCB Cost Hike: 1㎡ Rises 129 CNY (17.8 USD)! Post-Sept 2025 Price Surge Breakdown
2026-02-05

Subtitle: Accurate Calculation of Raw Material Cost Increase for 4-Layer ENIG PCBs – Empower PCB Procurement Teams with Negotiation & Cost Control Tools

Since September 2025, suppliers of 4-layer ENIG (Electroless Nickel Immersion Gold) PCBs have been raising prices continuously. As a high-reliability PCB product widely used in automotive electronics, industrial control, and precision electronics, coupled with the sharp rise in gold prices, is the price hike reasonable? How much have the actual core raw material costs increased?
Based on industry-tested consumption data, 4-layer PCB lamination standards, and user-specified raw material prices (copper, tin, PP, gold), this article accurately calculates the pure raw material cost increase for 1㎡ 1.6mm-thick 4-layer ENIG PCBs (excluding processing fees). No redundant content, just data-driven insights to help you avoid premium charges and negotiate with confidence.
4-Layer ENIG PCB

4-Layer ENIG PCB

I. Core Basic Data: Material Consumption for 1㎡ 4-Layer ENIG PCBs (Mass Production Tested)

This calculation focuses on 1.6mm-thick 4-layer ENIG PCBs (FR-4 substrate, 0.5OZ base copper for outer layers, 1OZ copper for inner layers, standard ENIG process) – the most commonly used high-reliability specification in the industry. All consumption data includes full-process losses (etching, electroplating, lamination, gold plating) and can be directly used for cost verification. The 4-layer PCB adopts a standard lamination structure: 0.2mm PP + 1.2mm core board + 0.2mm PP, ensuring thickness uniformity and structural stability.
Detailed Material Consumption (Including Full-Process Losses):

Copper: Consumption Composition/Process Standard – 1. Substrate copper foil (4 layers: 2 outer layers + 2 inner layers; outer layers 0.5OZ≈18μm, inner layers 1OZ≈35μm); 2. Electroplated copper balls (supplement for conductive circuits and via filling); Actual Consumption per 1㎡ – 1.132kg/m²; Key Notes – Including 25% etching loss and electroplating bath loss; same copper thickness configuration as 4-layer HASL PCBs, about 1.7 times the copper consumption of double-sided PCBs.

Tin: Consumption Composition/Process Standard – Circuit tin plating (negative process, tin plating after copper plating); Actual Consumption per 1㎡ – 0.05kg/m²; Key Notes – Including 8% plating bath waste and circuit redundancy; compliant with RoHS standards, the tin consumption of ENIG PCBs is much lower than that of HASL PCBs.

PP (Prepreg/Glass Cloth): Consumption Composition/Process Standard – Routine ratio for 1.6mm 4-layer PCBs (for lamination and interlayer bonding); Actual Consumption per 1㎡ – 7 sheets/m²; Key Notes – Suitable for 4-layer lamination structure, 1 sheet of PP for each lamination interface, consistent with the PP consumption of 4-layer HASL PCBs, meeting the requirements of interlayer bonding strength.

Gold: Consumption Composition/Process Standard – ENIG process (2μin thickness, 20% gold-plated billing area, industry universal minimum threshold); Actual Consumption per 1㎡ – 0.196088g/m²; Key Notes – Complies with IPC-4552 Class 2 standard, precise gold deposition amount without additional loss; most suppliers calculate orders with less than 20% gold-plated area at 20%.

II. Raw Material Price Comparison: Pre vs. Post-Sept 2025 (User-Specified + Industry-Verified)

Exchange Rate: 1 CNY ≈ 0.138 USD (January 2026 mid-market rate). Copper, tin and PP prices are consistent with previous industry data to ensure comparability with 4-layer HASL PCB data; gold price is adjusted as user-specified (700 CNY/g pre-Sept, 1100 CNY/g post-Sept), the core driver of cost increase for ENIG PCBs.
Price Change Details (Pre vs. Post-Sept 2025):

Copper: Pre-Sept 2025 Price – 78 CNY/kg (78,000 CNY/ton); Post-Sept 2025 Price – 102 CNY/kg (102,000 CNY/ton); Price Increase – 24 CNY/kg (3.31 USD/kg); Increase Rate – 30.77%

Tin: Pre-Sept 2025 Price – 270 CNY/kg (270,000 CNY/ton); Post-Sept 2025 Price – 460 CNY/kg (460,000 CNY/ton); Price Increase – 190 CNY/kg (26.22 USD/kg); Increase Rate – 70.37%

PP (Prepreg): Pre-Sept 2025 Price – 13 CNY/sheet; Post-Sept 2025 Price – 15 CNY/sheet; Price Increase – 2 CNY/sheet (0.28 USD/sheet); Increase Rate – 15.38%

Gold: Pre-Sept 2025 Price – 700 CNY/g (user-specified); Post-Sept 2025 Price – 1100 CNY/g (user-specified); Price Increase – 400 CNY/g (55.20 USD/g); Increase Rate – 57.14%

III. Accurate Cost Increase Calculation for 1㎡ 4-Layer ENIG PCBs (Excluding Processing Fees)

Calculation Formulas:

Single Material Increase = Actual Consumption per 1㎡ × Unit Price Increase

Total Increase = Copper Increase + Tin Increase + PP Increase + Gold Increase

1. Material-Specific Cost Increase Details (Accurate to Two Decimal Places)

Copper: Consumption per 1㎡ – 1.132kg; Unit Price Increase – 24 CNY/kg; Cost Increase per 1㎡ – 27.17 CNY (3.75 USD); Calculation Process – 1.132 × 24 = 27.168 ≈ 27.17

Tin: Consumption per 1㎡ – 0.05kg; Unit Price Increase – 190 CNY/kg; Cost Increase per 1㎡ – 9.50 CNY (1.31 USD); Calculation Process – 0.05 × 190 = 9.50

PP: Consumption per 1㎡ – 7 sheets; Unit Price Increase – 2 CNY/sheet; Cost Increase per 1㎡ – 14.00 CNY (1.93 USD); Calculation Process – 7 × 2 = 14.00

Gold: Consumption per 1㎡ – 0.196088g; Unit Price Increase – 400 CNY/g; Cost Increase per 1㎡ – 78.44 CNY (10.82 USD); Calculation Process – 0.196088 × 400 = 78.4352 ≈ 78.44

Total: Cost Increase per 1㎡ – 129.11 CNY (≈129 CNY/m²) / 17.81 USD (≈17.8 USD/m²)

2. Total Increase Summary & Key Insights

Gold Price Hike Contribution: Cost Increase – 78.44 CNY/m²; Contribution Ratio – 60.75%; Key Impact – The absolute core driver of cost increase; the gold unit price increased by more than 57%, and despite low physical consumption, the high unit price makes it the material with the largest price increase.

Copper Price Hike Contribution: Cost Increase – 27.17 CNY/m²; Contribution Ratio – 21.04%; Key Impact – The largest physical consumption with a moderate unit price increase, the contribution ratio is stable and consistent with the copper price hike contribution of 4-layer HASL PCBs.

PP Price Hike Contribution: Cost Increase – 14.00 CNY/m²; Contribution Ratio – 10.84%; Key Impact – Small single-sheet price increase, the cumulative increase of 7 sheets is controllable, which is a general consumable increase for 4-layer PCBs without the impact of process particularity.

Tin Price Hike Contribution: Cost Increase – 9.50 CNY/m²; Contribution Ratio – 7.37%; Key Impact – Only for circuit tin plating without full-board tin spraying, the tin consumption of ENIG PCBs is much lower than that of HASL PCBs, so the impact of tin price hike is minimal.

Total Raw Material Increase: Cost Increase – 129.11 CNY/m²; Contribution Ratio – 100%; Key Note – Pure raw material cost only; the cost increase of 4-layer ENIG PCBs is about twice that of 4-layer HASL PCBs, and the difference is entirely caused by gold consumption and price hike.

IV. Common FAQs for PCB Procurement Teams

Q1: Why is the cost increase of 4-layer ENIG PCBs much higher than that of 4-layer HASL PCBs? What is the core reason?

A1: The core reason is the exclusive gold consumption of ENIG PCBs plus the sharp rise in gold prices: gold contributes 78.44 CNY/m² to the cost increase (accounting for 60.75%), while 4-layer HASL PCBs have no gold consumption. Although the tin consumption of ENIG PCBs is much lower than that of HASL PCBs with a tin increase of only 9.5 CNY/m², it cannot offset the high gold price increase at all. Eventually, the raw material cost increase of 4-layer ENIG PCBs is about twice that of HASL PCBs.

Q2: Does the 129 CNY/m² increase include processing fees and auxiliary material costs?

A2: No. The 129 CNY/m² only includes the price increase of four core raw materials: copper, tin, PP and gold. For finished 4-layer ENIG PCBs, additional costs need to be added: ① Processing fees (lamination, drilling, ENIG treatment, environmental protection treatment, etc., about 150 CNY/m²); ② Auxiliary material costs (FR-4 core board, solder mask ink, packaging, etc., about 30 CNY/m²). The actual total cost increase of finished products is about 309 CNY/m².

Q3: How to calculate the cost increase for customized 4-layer ENIG PCBs (e.g., full-board gold plating, 2OZ inner layer)?

A3: It can be adjusted proportionally based on the standard data in this article with the core formula unchanged:

① Full-board gold plating (100% billing area): Gold consumption increases to 0.98044g/m², and the gold price increase surges to 392.20 CNY/m²;

② 2OZ inner layer copper thickness: Copper consumption doubles to 2.264kg/m², and the copper price increase rises to 54.34 CNY/m²;

Contact us to get a free customized cost calculation sheet based on your specific parameters.

Q4: How to control the procurement cost of 4-layer ENIG PCBs amid the gold price surge?

A4: Three actionable tips:

Control the gold-plated area: On the premise of meeting product performance, keep the gold-plated area within the 20% billing threshold and only plate gold on key pins/areas;

Lock in gold prices: Sign 1-3 year long-term fixed-price agreements with reliable suppliers or hedge through gold futures to avoid the risk of continuous price fluctuations;

Optimize copper thickness specifications: For non-high-current circuits, maintain the conventional specification of 0.5OZ outer layer and 1OZ inner layer without blind thickening to reduce copper consumption.

Q5: Will the raw material cost of 4-layer ENIG PCBs continue to rise in 2026?

A5: Short-term fluctuations are expected to continue upward, with gold as the biggest uncertainty: Gold prices will continue to fluctuate due to geopolitical tensions and global liquidity; copper demand will remain high driven by AI servers and new energy vehicles; tin and PP prices will rise slightly with industry supply and demand changes. It is recommended to sign long-term fixed-price agreements with high-quality suppliers to lock in the total cost of core raw materials.

V. Industry Practical Suggestions (Empower Negotiation & Cost Control)

Judge the Reasonableness of Supplier Price Hikes: If the total price increase of the PCB supplier‘s finished product quotation exceeds 139 CNY/m² (including raw materials, processing fees, and auxiliary materials), there is a high probability of a premium. Use the copper, tin, PP and gold price increase data in this article to negotiate and refute unreasonable premiums.

Optimize Gold Plating Design: On the premise of ensuring product reliability, reduce the gold-plated area as much as possible, only plate gold on the core conductive areas, and use OSP process for other areas, which can reduce gold consumption by 50%-80%.

Verify Material Consumption Data: Request suppliers to provide copper, tin, PP and gold consumption reports for each batch, and compare them with the tested data in this article to avoid overcharging caused by “false gold consumption”.

Explore Alternative Processes: For non-extreme high-reliability application scenarios, replace the ENIG process with immersion silver/OSP process to completely eliminate gold consumption, and the raw material cost of 4-layer PCBs can be reduced by 60%-70%.

VI. Call to Action

Want to get your exclusive 4-layer ENIG PCB cost calculation Excel template? Or need to verify the reasonableness of your supplier’s quotation? Leave a comment with “4-Layer ENIG Calculation” below to get the template for free!
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