[NPI Daily Review] Some Just-in-Time Procurement Released, High-Grade NPI Price Center Continues to Shift Upward

Published: Feb 27, 2026 14:42

Save

[SMM Daily Review: Some Just-in-Time Procurement Released, High-Grade NPI Price Center Continues to Rise Upward] February 27 (SMM) - SMM upstream sentiment factor for high-grade NPI was 2.82, up 0.08 MoM, while the downstream sentiment factor for high-grade NPI was 1.19, flat MoM.

SMM February 27 news,

February 27 news, SMM high-grade NPI market sentiment factor was 2.03, up 0.03 MoM, high-grade NPI upstream sentiment factor was 2.85, up 0.03 MoM, high-grade NPI downstream sentiment factor was 1.22, up 0.03 MoM. Supply side, upstream offers remained firm. Demand side, some downstream had just-in-time procurement demand, high-grade NPI trading volume increased, driving the market price center upward. Overall, upstream and downstream differences persisted, but in some just-in-time transactions, high-grade NPI prices continued to rise.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[SMM Analysis] Nickel Prices Fluctuate Amid Indonesian Supply Disruptions and Market Sentiment Volatility

Common.Time.minsAgo

1 hour ago

Data: SHFE, DCE market movement (Feb 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Feb , 2026

1 hour ago

Common.Time.hoursAgo

[ SMM Analysis ] Nickel intermediate product market mostly adopts a wait-and-see attitude after the holiday, but affected by accident disturbances, the center of MHP nickel payables shifts upward.

The nickel intermediate product market maintained a wait-and-see attitude after the holiday, but due to accident disruptions, the center of MHP nickel coefficient shifted upward.

Common.Time.hoursAgo