MLCC channel prices continue to rise, with some part numbers increasing by more than 20 times.

According to industry sources, on the afternoon of July 5, high-capacity MLCCs for AI servers in Huaqiangbei continued to rise in price, and popular part numbers were increased again late in the trading session. The mainstream benchmark Murata 1206-476 (47μF server standard parts): the morning quote was 700–720 yuan per 2,000 pieces, and the price was raised to 725–755 yuan per 2,000 pieces at the close on the afternoon of July 5, for a single-day increase of about 5%. For GPU ultra-high-capacity models, there are still no bulk spot stocks; spot goods are marked up by more than 15%. Stall supplies are limited; they only connect with long-term major customers. Ordinary buyers cannot obtain large quantities in bulk. Quotes change by the hour, with no sign of any pullback.

Some model channel price increases are astonishing

“For standard server MLCC part numbers, basically only two original manufacturers, Murata and Samsung, can supply them. Currently, channel prices are continuously fluctuating and are showing an upward trend. Also, because the yield rate for these specifications is not high and they are very capacity-intensive, under capacity squeeze the prices of other ordinary MLCC specifications have also risen significantly.” Regarding the continued price increases of high-capacity MLCCs for AI servers in Huaqiangbei, a distributor representative said in an interview with a reporter from Shanghai Securities News.

For this round of MLCC channel price increases, some original manufacturer insiders said that currently, Japanese original manufacturers have not publicly stated that they are raising prices. Instead, continued speculative stockpiling by channel distributors has caused channel prices for some part numbers to rise by an astonishing amount. For example, the ex-factory price of Murata’s 107 part-number MLCC is about 1 yuan, while the current channel price is about 25 yuan.

“At any time, there are MLCC product varieties with strong demand, and there are also varieties with overcapacity; the market is always driven by structural factors.” Regarding the MLCC price increases again in recent days, an original manufacturer insider emphasized that currently, in the industry, many MLCC models are not in particularly tight supply. Only models used in fields such as servers and wireless charging have very tight supply.

Globally, Murata is the world’s largest MLCC supplier, holding more than 40% of the global market share and 70% of the global AI server market share. Samsung Electro-Mechanics is the world’s second-largest supplier; the next suppliers are Taiyo Yuden, TDK, Kyocera, Yageo, Walsin Technology, and others. Sanhuan Group, Fenghua Advanced Technology, Torch Electronics, and others are in the third tier.

Entering a new round of price increases in July

Public information shows that, driven by multiple factors such as rising raw material costs and increased demand for AI and automobiles, from the second half of 2025 to February 2026, global passive components (MLCC, resistors, inductors, tantalum capacitors, magnetic beads, etc.) entered a cycle of broad, multiple-round, cross-regional price increases across all categories. Price increases were generally in the range of 5% to 30%, with higher price increases for high-end categories.

From April 2026 onward, global passive components will face a new round of price increases. Original manufacturers prioritize ensuring supply for AI and automotive-grade major customers, while channel prices show “a different price every day.” Since July, passive components have entered a stage of overall price increases.

On July 1, passive component giant Yageo notified clients of a price adjustment. Starting from that same day, it raised prices for its entire series of capacitor products, including tantalum capacitors, MLCC (multilayer ceramic capacitors), aluminum capacitors, solid aluminum capacitors, film capacitors, supercapacitors, and so on. The covered products account for about 50% of Yageo’s revenue, and for the first time, the price increase targets included direct customers (EMS/OEM).

Positive outlook for listed distributors

For the price increases of passive components, power management chips, and others driven by the AI computing power boom, multiple listed distributors have recently disclosed that they will benefit significantly.

Shenzhen Huaqiang disclosed in its investor research meeting minutes on July 6 that, affected by factors including incremental demand brought by AI computing infrastructure and a capacity “siphon” effect, as well as increases in material and production costs, prices across all links in the industrial chain (including raw materials, design, wafer foundry, and packaging and testing) have been rising. Prices for most components such as memory chips, power devices, analog chips, and passive components have also been rising. As a leading domestic distributor of electronic components, the company benefits on the one hand from both higher shipment volume and prices for components, resulting in a significant increase in business scale. On the other hand, with both volume and price rising, the gross profit margin of the company’s distribution business is also expected to increase in parallel.

Gonglian Electronics recently disclosed that the company has upgraded from a single passive component distributor to build a multi-brand, full-category one-stop component service platform covering both “active + passive” components. Currently, the AI industry wave is driving high growth in demand for various materials in complete electronic systems. With its comprehensive product-line layout, the company not only fully benefits from the expansion of demand for passive components such as capacitors, but can also comprehensively take on incremental orders for various active components, fully capturing the industry-chain demand dividends.

Source: Shanghai Securities News

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