[SMM Computing Power Flash] East China H100 long-term contract quoted at 87,000, breaking above the mainstream range

Published: Sep 21, 2026 09:40

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SMM learned that four H100 units became available in east China, with the resources to be released on the 27th of this month, and the annual long-term rental was quoted at 87,000 yuan per unit per month; another nine units of supply were yet to be confirmed. This price exceeded the upper end of the mainstream H100 quotations of 75,000–85,000 yuan by 2,000 yuan, or about 3%, and was also higher than the final transaction price of 85,000 yuan for the last batch cleared in the region in early September. SMM believes that the long-term contract price in east China stood above 87,000 yuan for the first time, forming a relay upward move with spot clearing prices, with the pace of supply release remaining the main driver.

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