DRAM price continues to weaken despite production cutback
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DRAM makers such as PSC, Elpida, and Hynix have separately announced production cutbacks on September 8th , 9th , and 18th. If the cutbacks proceed as scheduled, we expect to see a reduction in worldwide DRAM production by 5 to 6% around end of October to November.
Spot market was encouraged – rose from 1.32 USD on September 8th to 1.4 USD on September 10th for an increase of 6% – initially when the first cutback was announced. However, the rebound was short-lived; by September 11th, price on spot market began to fall again. After the last announcement of cutback from Hynix, spot price failed to continue the rise with average price increasing slightly by 0.01 USD then weakened by the continued slow demand.
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