MLCC stocks surge as AI server demand drives price rally and supply tightening
MLCC (multilayer ceramic capacitor) concept stocks surged on September 21, with Shuangxing New Material hitting four limit-up boards in seven days and Huaci Porcelain five consecutive limit-ups. The rally follows a price surge ignited by overseas leader Murata in late May, with spot prices in Shenzhen's Huaqiangbei market rising 7-8 times for popular models. Demand from AI servers, AI workstations, and high-speed optical modules is the core driver. Murata plans to phase out low-margin MLCC models by fiscal 2026 to free capacity for AI server products. Maigao Securities forecasts AI server MLCC demand reaching 68 billion units in 2026 and 312.5 billion by 2028.
Reference imageEditorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary covers the current reports
Cross-source coverage
Reporting timeline
MLCC Price Rally Continues as Sector Leader Surges; Margin-Buying Targets Revealed
The MLCC (multilayer ceramic capacitor) sector showed strong performance on September 21, with Shuangxing New Material hitting its daily limit and recording a '7-day, 4-limit-up' pattern with over 40% gains. According to CCTV Finance, MLCC, dubbed 'the rice of the electronics industry,' is experiencing a sharp price rally driven by surging AI demand. The price surge began in late May, led by overseas leaders like Murata, and by June, spot prices in Shenzhen's Huaqiangbei market were changing daily or even hourly, with some popular models rising 7-8 times in a month. Analysts note a structural price hike favoring high-end products over general ones. Murata recently announced plans to phase out certain low-margin MLCC models by fiscal 2026 to shift capacity to high-value AI server products. Maigao Securities forecasts the supply-demand gap for MLCC in AI servers and traditional sectors will widen, with AI server MLCC demand projected to reach 680 billion units in 2026 and 3.125 trillion by 2028. Institutions expect the supply shortage for high-end MLCC to persist through Q4 2026 to H1 2027, with partial relief in H2 2027. Margin buying data shows Shuangxing New Material received net margin purchases of 276 million yuan this month, followed by Fenghua High-Tech at 261 million yuan. Guojin Securities and Shen Gang Securities both see continued benefits for domestic manufacturers from order spillovers and substitution opportunities.
Read sourceMLCC Rally Continues: Leader Hits 4 Boards in 7 Days; Leveraged Funds Pile In
MLCC (multilayer ceramic capacitor) concept stocks showed strong performance on September 21, with Double Star New Material hitting the daily limit and recording a '7 days, 4 boards' rally with over 40% gains. According to CCTV Finance, MLCC, known as the 'rice of the electronics industry,' is experiencing extreme price hikes driven by surging AI demand. The price surge, initially sparked by overseas leaders like Murata in late May, saw spot prices in Shenzhen's Huaqiangbei market rise 7-8 times for some hot models within a month. However, the rally is structural, with high-end and general-purpose products diverging sharply. Murata recently announced plans to phase out certain low-margin MLCC part numbers by fiscal 2026 to shift capacity to high-value AI server products. Maigao Securities forecasts a widening supply-demand gap for MLCC in AI servers and traditional sectors, projecting AI server MLCC demand to reach 680 billion units in 2026, growing to 3.125 trillion by 2028. Institutions view Q4 as a key verification window for high-end MLCC shortages. Leveraged funds have net bought several MLCC concept stocks this month, including Double Star New Material (276 million yuan), Fenghua High-Tech (261 million yuan), and Sidike (188 million yuan). Guojin Securities and Shenwan Hongyuan both recommend the MLCC supply chain, citing strong AI demand and potential benefits for domestic manufacturers with high-capacity and automotive-grade production capabilities.
Read sourceMLCC Concept Stocks Surge on AI Server Demand and Supply Tightening
On September 21, MLCC (multilayer ceramic capacitor) concept stocks surged in early trading, with Shuangxing New Material hitting its fourth limit-up in seven days and Huaci Porcelain its fifth consecutive limit-up. The rally follows a price surge ignited by overseas leader Murata in late May, with spot prices in Shenzhen's Huaqiangbei rising 7-8 times in a month and some models reaching 2-10 times original prices. The core driver is demand from AI servers, AI workstations, and high-speed optical modules. Murata recently announced it will phase out certain low-margin MLCC models by fiscal 2026 to free capacity for AI server products. Maigao Securities forecasts AI server MLCC demand will reach 680 billion units in 2026, 1.378 trillion in 2027, and 3.125 trillion in 2028, with year-on-year growth of 103% and 127% in 2027-2028. Combined automotive and consumer electronics demand is expected to grow 16% and 15% annually over the same period. Analysts see a widening supply-demand gap and rising prices.
Read sourceShow 2 older updatesHide older updates
MLCC Concept Stocks Surge on AI Server Demand; Murata to Cut Low-Margin Models
On September 21, MLCC (multilayer ceramic capacitor) concept stocks surged in morning trading, with Shuangxing New Material hitting four limit-up boards in seven days and Huaci Porcelain achieving five consecutive limit-up boards. The rally follows a price surge ignited by overseas leader Murata in late May, with spot prices in Shenzhen's Huaqiangbei market rising 7-8 times for some popular models in June. The core driver is demand from AI servers, AI workstations, and high-speed optical modules. Murata recently announced it will stop production of certain low-margin MLCC models by fiscal 2026 to free capacity for high-value AI server products. McGo Securities forecasts AI server MLCC demand will reach 68 billion units in 2026, 137.8 billion in 2027, and 312.5 billion in 2028, with year-on-year growth of 103% and 127% respectively. Combined automotive and consumer electronics MLCC demand is expected to grow 16% and 15% annually over the same period. Analysts expect the supply-demand gap to widen, supporting upward price trends.
Read sourceMLCC Concept Stocks Surge on AI Server Demand Forecast and Price Rally
On September 21, MLCC (multilayer ceramic capacitor) concept stocks surged in early trading, with several stocks hitting daily limits, according to East Money. The rally is driven by a price hike wave initiated by overseas leaders like Murata since late May, as reported by CCTV Finance. A research report from Maigao Securities forecasts explosive growth in AI server MLCC demand: 68 billion units in 2026, 137.8 billion in 2027 (up 103% year-on-year), and 312.5 billion in 2028 (up 127% year-on-year). The report also notes demand from automotive and consumer electronics sectors. The article cites China Securities Journal as the original source.
Read source