被动元件继续涨价 行业景气度有望改善

Core Viewpoint - A major passive component manufacturer will moderately adjust prices for certain products starting January 1, 2026, with increases in resistors, inductors, and other components due to rising material costs and increased demand from AI applications [1] Group 1: Price Adjustments - The manufacturer will increase prices for conventional resistors and inductors, including magnetic beads and ferrite inductors, while other products like sensitive components, protective components, and ceramic capacitors will be adjusted based on material cost increases [1] - Domestic passive component manufacturers have implemented two price hikes in the fourth quarter, expanding the range of products and customers affected by these increases [1] Group 2: Market Dynamics - The price increases are primarily aimed at cost transmission, but the significant rise in passive component usage driven by AI is expected to enhance overall industry utilization rates [1] - Currently, passive component prices are at a low level, and with demand recovering alongside rising raw material prices, manufacturers are likely to have strong motivation for further price increases, potentially initiating a new price increase cycle [1]