[Insights] Memory Spot Price Update: Price Dropped Further; NAND Demand Momentum Expected to Pick Up in Q3

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According to TrendForce’s latest memory spot price trend report, the weak demand is putting more and more pressure on sellers, causing spot prices of modules and chips continue to record a sharper fall than the week before. Meanwhile, regarding NAND Flash prices, the spot market continued to drop this week, while suppliers are thus hoping that the traditional peak season (3Q24) would generate additional demand. Details are as follows:

DRAM Spot Price:

Trading activities have further slowed down in the spot market compared with last week. Since it is now near the end of May, the weak demand situation is putting more and more pressure on sellers, and spot prices of modules and chips continue to fall. The average spot price of mainstream chips (i.e., DDR4 1Gx8 2666MT/s) has dropped by 0.42% from US$1.917 last week to US$1.909 this week.

NAND Flash Spot Price:

The spot market is seeing activities of truncation due to suppliers’ pressure in funds yielded by their excessive inventory, and the chaotic negotiation of prices has been widened in scale, though inquiries on market prices and transactions are maintained on the lesser end under lethargic demand. Suppliers are thus hoping that the traditional peak season (3Q24) would generate additional demand, and prompt the market to get rid of further inventory. Spot prices, as a result, continued to drop this week. 512Gb TLC wafers have dropped by 2.79% in spot prices this week, arriving at US$3.479.