Memory spot prices particularly those for DRAM have started to rise reflecting a pick-up in buying momentum prior to China's 618 shopping festival, according to industry sources.
Spot market prices for 16GB DDR4 memory have come to US$53, up from US$52.30 previously, while prices for 32GB DDR4 memory have risen to US$105 from US$104, the sources quoted ChinaFlashMarket statistics as saying.
As for 120GB SATA SSDs, spot prices have also gone up slightly to US$13.20 from US$13, the sources added.
Spot prices were previously trended downward due to a slump in transaction volumes. Buyers intended to take a wait-and-see attitude amid uncertainty over the coronavirus pandemic, the sources suggested. With the outbreak starting to ease in China, local retailers are looking up to launch promotions to boost their sales.
China's e-commerce platforms are also gearing up for the upcoming 618 shopping festival, and have stepped up their purchases of enterprise-class storage devices since the end of April or early May, the sources noted.
On another front, component suppliers have started experiencing a slowdown in demand for servers, according to sources in the server industry. Memory chipmakers, which have enjoyed a ramp-up in orders for servers since the third quarter of 2019, are likely to see the orders slow down in the third quarter of this year.
Memory prices are rising thanks to increasing demand from China
Photo: Digitimes file photo
Article translated by Jessie Shen
