CITIC Securities: The current round of MLCC price increases is expected to last for more than a year.

CITIC Securities pointed out that the recent observation of a wave of price increases in the MLCC industry is accelerating. They believe that this round of MLCC cycle is expected to be comparable to the super boom cycle of 2017-2018, with the duration of price increases expected to exceed one year. The price increase at the original factory end is expected to achieve a significant increase of doubling or even higher.