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[SMM Analysis] H100 Five-Year Fixed Price of 84,000: Not a Price Hike, but a Maturity Mismatch

Abstract: A batch of 128 H100 units in Shenzhen, with a five-year fixed-price quote, returned from 82,000 yuan to 84,000 yuan/(unit·month) on October 19, up 2. 4% week-on-week; however, the same type of resource was already quoted at 84,000 yuan on September 23—this is a quote fluctuation within the range, not a cross-period price increase. The real price spread for H100 lies in the term.

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