Contract Market keeps improving, but channel market seems sluggish

DRAM

DRAM Contract Price will rise more than expected, but some of the channel products ASP gets weaker

In the second quarter, UDIMM and RDIMM ASP increase more than the original perspective.
UDIMM would increase more than 25% and RDIMM would have around 20% up in 2Q21.
Regarding the mobile-related memory, PoP might increase around 10% and xMCP could raise 5%~10%.
The most of deals haven’t finalized yet, the certain products have a chance to hike even more.

The channel market status is not well in the second half this month, PC DRAM demand is not good, and certain consumer DRAM ASP became sluggish.
The PC UDIMM channel customers are not willing to increase their inventory level as the current relatively high UDIMM pricing and weak component price.
4G DDR3 consumer DRAM price dropped a lot, but the price gap with contract price is wide. The consumer spot ASP might keep declining if 2Q21 contract price is not high enough.
However, 2G DDR3 consumer ASP remained the strong growth momentum this month, it increased more than 20% within this month.

NAND

OEM Client SSD demand is strong and 256GB UFS/uMCP shipment for the smartphone market gets better

Client SSD ASP for OEM would increase 5%~10% in the second quarter, and UFS might increase middle single-digit.
The Austin event would influence the Samsung cSSD shipment in April and May timeframe, the rest of SSD vendors might face key component shortage issue as well.
The PC demand is strong, but the shortage of display supply would impact the PC shipment in 1H21.
UFS ASP might increase mid single digit and xMCP might increase high single in the second quarter.
However, the low density eMMC ASP might increase more than high density UFS products.

The channel SSD demand is improving continuously this month, the cSSD ASP has been stable for a while.
The Raw Nand is limited supply to the market, the price increased low single digit this month and the supplier tends to increase another 5%+ in 2Q21.