ChainThink reports that, on July 19, according to Bank of America Global Research's report "Global Memory Tech," channel surveys indicate that the newly negotiated DRAM contract prices for the third quarter rose more than market expectations.
Bank of America expects the global DRAM average selling price to rise 21% quarter-over-quarter in the third quarter, higher than TrendForce's forecast.
The report states that server DRAM prices rose 20% to 30% quarter-over-quarter, primarily driven by high-speed LPDDR5, exceeding the market's previous expectation of no more than 20%.
Spot demand remains strong, with prices for DDR5 and traditional DDR4 continuing to rise month-over-month in July. Recent orders for high-priced HBM4 have increased, while the share of orders for lower-priced HBM3E has declined.
The percentage of DRAM sales covered by long-term supply agreements is significantly below 50%, while sales under non-long-term agreements account for approximately 60% to 70%; even under long-term agreements, some orders have been confirmed with a sequential increase of 5% to 10%.
Bank of America stated that some OEMs have accelerated their orders, indicating that both DRAM and NAND prices may rise more than 20% quarter-over-quarter.
TrendForce previously forecasted a 13% to 18% increase in traditional DRAM in the third quarter, and an 8% to 13% increase when including HBM.