[NPI Daily Review] Market Remained Sluggish with Few Transactions, High-Grade NPI Prices Held Steady

Published: Apr 9, 2026 14:21

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[SMM Daily Comment: Sluggish Market with Scarce Transactions, High-Grade NPI Prices Remained Flat] On April 9, the SMM upstream sentiment index for high-grade NPI was 2.71, down 0.03 MoM, and the downstream sentiment index for high-grade NPI was 1.48, down 0.01 MoM.

SMM April 9,

April 9, the SMM high-grade NPI market sentiment factor was 2.09, down 0.02 MoM, the high-grade NPI upstream sentiment factor was 2.71, down 0.03 MoM, and the high-grade NPI downstream sentiment factor was 1.48, down 0.01 MoM. Supply side, the upstream offer price center was basically flat, with mediocre market performance. Demand side, overall demand was sluggish, and market transactions were hard to find. Overall, consumption was relatively weak, and the high-grade NPI price center remained flat.

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.

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