TrendForce集邦咨询：NAND Flash wafer供给紧缩加剧 11月部分产品合约价涨幅达60%

Core Insights - The overall demand for NAND Flash is expected to be driven by AI applications and strong orders for Enterprise SSDs, leading to significant price increases in November 2025 [1] NAND Flash Pricing Trends - In November, the average monthly price increase for various NAND Flash products ranged from 20% to over 60%, with the trend affecting all capacity segments [1] - The average price of 1Tb TLC saw a substantial increase due to growing demand from Enterprise SSDs and severe supply shortages [1] - The 512Gb TLC price surged by over 65% in November, driven by supply constraints from the transition of old process nodes and steady market demand [1] - The 256Gb TLC experienced a notable price increase due to reduced supply from the exit of old process nodes [1] Supply and Demand Dynamics - The demand for high-capacity enterprise products has surged, leading to tight supply for QLC products, with the average price of 1Tb QLC also rising significantly in November [1] - MLC products are supported by demand from industrial control and consumer products, resulting in a continuous price increase [1] - The strong pricing power of manufacturers, combined with the inability to improve wafer supply in the short term, suggests that contract prices will continue to rise in December [1]