TrendForce released a report saying that due to the double impact of the slow peak season and the conservative attitude of ODMs, it is expected that the average BB of MLCC (Multilayer Ceramic Capacitor) suppliers in the fourth quarter will increase. The ratio (book-to-bill ratio) will slip to 0.81.
The report pointed out that since November, Murata, Samsung...etc. have successively received small and urgent orders from customers from Netcom, motherboards, graphics cards, and second-tier mobile phone brands in China. After the demand for display motherboards and graphics cards declined in the first quarter of this year, adding Brand owners continue to adjust their inventory and have recently returned to a healthy level.
In the third quarter, traders who actively cut prices and grabbed orders in China's spot market have recently stopped quoting and supplying, leading some second-tier mobile phone brands to urgently seek support from original suppliers, which means that there is inventory in China's spot market. There are signs that detoxification is nearing an end.
According to TrendForce's survey, as of early November, the average inventory level of MLCC suppliers was still about 90 days, and the average inventory of channel agents was also at 90-100 days. Large ODMs currently have an average MLCC inventory of 3 to 4 weeks (about 30 days), which is still a long way from the average healthy level of the overall market (total agents, suppliers, ODMs) of 120 days.
Looking forward to 2023, TrendForce said that under the influence of the global economy is still weak, the international situation is complex and with the epidemic situation, the timetable for the reversal of terminal consumer demand may be delayed. However, as the shortage of semiconductor ICs gradually eases in the automotive market, the momentum of pulling goods is stable, which will become the main focus of suppliers' operations next year.
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