DRAM价格2月下跌3%，受中国优待本国产品影响

Core Viewpoint - The price of DRAM products has been declining for six consecutive months, reaching the lowest level since December 2023, primarily due to weak demand from PCs and smartphones, as well as China's preference for domestic products [1][2]. Group 1: Price Trends - In February, the bulk trading price of benchmark DRAM products fell by 3% compared to the previous month, with the price of 8GB DDR4 around $1.70 and 4GB products at approximately $1.30 [1]. - The continuous price decline has been attributed to a decrease in demand for personal computers and smartphones, which account for about 50% and 35% of DRAM usage, respectively [1]. Group 2: Market Dynamics - China's subsidy policy favoring domestic products has accelerated the price drop, with local companies like CXMT focusing on producing DDR4 and developing next-generation DDR5 [2]. - Many industry experts believe that there is no alternative market to replace China, and the influence of low-priced Chinese products is contributing to the ongoing price decline [2]. - The consensus among interviewed companies suggests that DRAM prices may not recover until the second half of the year [2].