At this stage, the inventory level of passive components such as chip resistance is too low, and demand is higher than supply. Manufacturers regain the dominance and start price increases again.
According to Taiwan media reports, due to insufficient resumption of work in the epidemic, supply has shrunk severely. Guoju Electronics, a global giant of passive components, plans to increase the chip resistance price by 70% to 80% in March, the increase is not only greater than MLCC, but also far greater than market expectations.
Since the beginning of the year, passive components such as MLCC and chip resistors have been continuously raised twice. This time, the chip resistor will be aside other passive components. After the price increase of 30% and 50%, it will be raised to 70%-80% if nothing unexpected happens.
passive components prices keep rising
passive components leading manufacturers led the price increase. Industry analysis shows that compared with MLCC, the degree of resistance standardization is relatively high and the entry threshold is relatively low. However, the market share of resistors is highly concentrated in Taiwan. In addition, Japanese companies have a fading attitude on large-sized resistors that are not used for automotive use. Korean manufacturers do not produce resistors. Therefore, resistors are passive components that rely more on Taiwanese manufacturers than capacitors, and Taiwanese manufacturers have absolute voice. In terms of production capacity, Guoju is the leader in passive components in Taiwan and the global chip resistor. Its monthly production capacity has reached 90 billion pieces, with a global share of up to 34%, far ahead of the second largest manufacturer KOA.
Since the second half of last year, passive components have jumped from the bottom and prices have risen all the way. At the end of November last year, passive component manufacturer Dayi Technology took the lead in saying that it had completed price increase for its resistor products. , Guoju has launched a wave of fancy price increases by closing the trading system. Samsung Electric raised the MLCC price for distributors in December last year, and locked it on commonly used material numbers such as 104 and 105, with an increase of about 5-10%.
supply chain is expected to impact the mainland's epidemic on passive component manufacturers' mainland factories more than expected, resulting in supply imbalance that has not been improved, allowing manufacturers such as Guoju to take the opportunity to raise prices. Guoju’s previous two price adjustments were expected to be 30% and 50% but not yet effective. This time, he couldn’t wait to directly increase the price by 70%-80%, far exceeding market expectations. Previously, regarding the continuous increase in passive component prices, Guoju Electronics stated that the price is left to market supply and demand, and is currently organizing full efforts to resume production to meet customer orders.
market supply and demand imbalance
passive components market size grew rapidly, reached US$24.24 billion in 2016 and is expected to reach US$328.9 billion in 2021, with a compound growth rate of 6.29%. With the gradual implementation of various avant-garde functions such as , VR, and AI, the market space of passive components will increase by multiple orders in the future. 5G mobile phones use more than 1,000 passive components on average, an increase of 20% to 30% compared to 4G mobile phones.
Guoju Electronics accounts for a very large proportion of production capacity in the mainland, and its price increase action has a huge impact on the industry, and the industry may follow up simultaneously. Guoju Suzhou factory accounts for 70% of the company's total production capacity. In terms of chip resistance, Guoju's monthly production capacity is about 120 billion pieces, with a global market share of 34%. The production of mid-range MLCCs used in mobile phones and laptops is in Suzhou factory. It is estimated that Guoju's global mid- and low-end MLCC market accounts for as high as 30%. The price increase of MLCC and chip resistors generally has a linkage effect, and the production capacity of Guoju Suzhou factory will also affect the supply and quotation of global resistors and capacitors. Since the beginning of
, the inventory of chip resistors and other products has been declining. Because the orders cannot be digested, the department manufacturers even stopped taking orders. resistors major manufacturer Wangquan began to issue a suspension of orders to agents in Greater China at the beginning of the year, with the specifications expanded and the full series of thick film resistors. The EMS factory has too conservative materials for resistors, and most of the inventory has been used up now. Inventory of Guoju, the leading resistor manufacturer, has also plummeted. In order to temporarily suppress orders, Guoju's manufacturer Guoyi Electronics has adjusted its price for non-direct sales customers, and about two-thirds of the customers have made adjustments.
After the resumption of work in mainland factories, orders for component procurement and inventory replenishment have flew, and urgent orders of key components have emerged. Passive components are still unable to supply full capacity in the short term, and the supply and demand gap is getting bigger and bigger. It is expected that passive components will still be in short supply before the end of the first quarter, and the prices of resistors and capacitors will also rise as a result, and passive component manufacturers will directly benefit.
related information of listed companies
Fenghua Hi-Tech is the domestic leader in passive components. Its products include MLCC, chip resistor , chip inductor, ceramic filter and other passive components. It is one of the major chip resistor manufacturers in China.
Shunluo Electronics is engaged in the manufacturing of chip inductors and chip varistors, and is one of the few Chinese companies that are competitive in the international high-end chip electronic components market.
Jiemei Technology is the leader in the domestic thin-shaped carrier tape industry. Its products mainly include paper tape carrier tape, plastic carrier tape, tape, release film, etc. Customers include Samsung , Guoju, etc.
Zhenhua Technology was born in the third-tier military electronics base and is an all-round leader in the field of military electronic components. Its main business includes high-tech electronic sectors mainly including chip resistors, capacitors, inductors, semiconductor diodes, integrated circuits, etc.
's main business includes the research and development, design, production and sales of photoelectric products such as precision optical element components, optical auxiliary materials, photoresistors, etc.
Torch Electronics is a leading domestic MLCC supplier, a leading military MLCC, and many new products such as tantalum capacitors and SLC will form new performance growth points.
Yangjie Technology's product line covers large-scale enterprises with a full range of multi-special semiconductor discrete device products such as discrete device chips, power diodes, rectifier bridges, etc.
Sanhuan Group is a leader in the field of ceramic components in China and can mass-produce MLCC. 's MLCC products have been widely used in home appliances, lighting, consumer electronics, industrial control, communication equipment, automotive electronics and other fields.
Guoshang Materials is the largest supplier of MLCC electronic ceramic materials in China, and the company's domestic market share reaches 80%.
Hongyuan Electronics' main business is the research, development, production and sales of electronic components mainly based on multi-layer porcelain dielectric capacitors.
Huilun Crystal specializes in piezoelectric quartz crystal components, one of the leading enterprises in the domestic surface-mounted piezoelectric quartz crystal components industry, and is used in industrial chains such as mobile phones.
Taijing Technology is the leader in the sub-sector of quartz crystal resonators. A total of 17 products have passed the certification of more than ten well-known domestic and foreign application solution providers such as MTK and Huawei HiSilicon, benefiting from the explosion of the 5G industry chain.
Statement: All information content of Databao does not constitute investment advice. The stock market is risky, so be cautious when investing.
This article is from Databao
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-