Commentary on the Sharp Rise of MLCC

English summary

### Commentary on the Sharp Rise of MLCC Time: 2026-07-30 17:47:26 Content: ① Leading manufacturers have issued performance forecasts, with quarterly sequential growth of over 100%, showing impressive results and firming confidence; overseas leading manufacturers are shifting from consumer MLCC to AI MLCC production. Given the supply-demand relationship in the AI field, we believe the shift will continue, and the capacity squeeze effect brought by the shift is obvious. The supply gap will bring new demand for consumer MLCC; original manufacturers are raising MLCC prices. Unlike distributor price fluctuations, prices are rigid, and we are optimistic about the sustainability of price increases! Brief comment: A new round of price increase expectations is driving the market again. On the news front, there were widely circulated reports yesterday: 1. Price increases by a major Korean manufacturer; 2. Confirmation of price increases by a major Japanese manufacturer; 3. Faster-than-expected price increase progress by a major domestic manufacturer. — Pay attention to opportunities in the MLCC sector during pullbacks; recommended stocks: Fenghua Advanced Technology / Yunzhong Technology / Torch Electronics / Three-ring Group.