Affected by Manila ’s “Lock down”, MLCC supply may be tight

According to the Commercial Times quoted by China Times on March 16, the "Lock down" action in the Philippines on March 15 has caused concern in the passive components industry. The world's top two MLCC factories, Murata Manufacturing Co., Ltd. and Samsung Electric, each have considerable production capacity in the Philippines, each with a proportion of 15% and 40%. Therefore, the industry believes that since the volcanic eruption in the Philippines since January, "cities closed" one after another, when the inventory is empty, the subsequent supply of MLCC may be more tight.

The report pointed out that during the volcanic eruption in the Philippines in January this year, the international airport was temporarily closed, which has affected the Philippines' MLCC shipments and has become one of the key factors for MLCC price increases. Of the eight airports in the Philippines, three of the most important ones are located in Manila. The "Lock down" lasted for one month. The industry believes that the movement of people and transportation will be restricted, and the output and shipment of the MLCC production line will be affected. The impact is likely to be greater than the previous one.

In addition, the industry also believes that "Lock down" is not the time. If it is during the normal period, there is still a chance for natural adjustment of MLCC supply and demand, but now the inventory is empty. The tight and low capacity specifications are mainly supplied by Samsung Electric and Yageo. As the EMS factory pulls up, the mainland China factory resumes work. Rate, subsequent MLCC supply and demand may be more tight. Zh

Convergence of supply from any manufacturer will have a significant impact on global materials. The industry judges that in the second quarter of 2020, Japanese and Korean MLCC plants may raise the price of agents.