TIANLI HOLDINGS (00117) saw its stock price soar 21.28% during intraday trading on Thursday, continuing a period of significant volatility for the company.

The sharp rise is attributed to positive developments in the Multi-Layer Ceramic Capacitor (MLCC) industry, which is showing the clearest signs of a price reversal in nearly three years. Major international manufacturers Murata and Taiyo Yuden initiated price increases in April and May, with domestic manufacturers following suit recently. Industry sources indicate prices for mid-to-low-end consumer-grade MLCC products have risen by approximately 20%, prompting distributors to engage in stockpiling activity.

Analysts note that due to slow industry growth in recent years, capacity expansion has been cautious. Constraints on equipment and raw materials make a rapid influx of new supply difficult, leading to expectations of a further tightening supply-demand relationship. This situation is seen as the start of a new upward cycle for the sector, with TIANLI HOLDINGS highlighted as a company to monitor alongside other industry players.