[Insights] Memory Spot Price Update: DRAM Price Momentum Held Back by Higher Inventory after China’s May Holiday

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According to TrendForce’s latest memory spot price trend report, due to relatively high level of inventories, the uptrend of DRAM spot prices is not as sharp compared with that of contract prices. Meanwhile, regarding NAND Flash prices, the spot market is not seen with much price inquiries either as the market confidence remains weak. Details are as follows:

DRAM Spot Price:
The uptrend of spot prices is not as sharp compared with that of contract prices. Currently, China’s May Day holiday has just ended, so the overall transaction volume remains low in the spot market. Furthermore, module houses have already accumulated too much inventory, so their focus is now on selling off their existing stocks. Overall, spot prices lack upward momentum in the recent period. The average spot price of mainstream chips (i.e., 1Gx8 2666MT/s) fell by 0.31% from US$1.949 last week to US$1.943 this week.

NAND Flash Spot Price:
The spot market is not seen with much price inquiries and transaction due to the certain extent of inventory being held by channels, distributors, and clients, as well as their conservative outlook on the market for the next two quarters. A number of buyers are still holding onto their low-priced inventory established from 3Q23, and are waiting patiently for market response in 3Q24 with lingering profitability in average cost. Spot price for 512Gb TLC wafers has dropped by 0.89% this week, arriving at US$3.675.