Updated
Updated · SMM - Shanghai Metals Market · Aug 21
Western H100 Rental Rises 0.66% to 76,750 Yuan as 11 Compute Price Indexes Hold Steady
Updated
Updated · SMM - Shanghai Metals Market · Aug 21

Western H100 Rental Rises 0.66% to 76,750 Yuan as 11 Compute Price Indexes Hold Steady

1 articles · Updated · SMM - Shanghai Metals Market · Aug 21

Summary

  • Western H100 whole-machine rental averaged 76,750 yuan a month this week, up 500 yuan week on week, after spiking to 77,500 yuan on Aug. 18-19 before easing back.
  • No spot H100 capacity was reported in Beijing, Shanghai, Guangzhou and Shenzhen, and new leasing orders sold out immediately, sustaining the western market’s upward channel despite the late-week pullback.
  • Eleven of 12 SMM compute-rental indices across the West, Beijing-Tianjin-Hebei and Chengdu-Chongqing were unchanged, signaling a broader market that has shifted from rapid adjustment into high-level consolidation.
  • Western 910B rentals stayed at 13,750 yuan a month, about 5,750 yuan below Beijing-Tianjin-Hebei and 5,037.5 yuan below Chengdu-Chongqing, extending the region’s pull on outside demand.
  • SMM expects western H100 to consolidate in the 76,000-78,000 yuan range near term, while other mainstream models remain largely stable over the next one to two weeks.

Insights

Could hidden sublease markups in Western compute hubs eventually collapse the fragile stability of China's AI infrastructure?
Why are shadow intermediaries hoarding scarce AI chips while China's computing rental prices mysteriously flatline?