SMM NPI Market Update: High-Grade NPI Transactions Closed at 980-990 Yuan/mtu

Published: May 13, 2025 10:40

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[SMM NPI Market Transaction Update] SMM reported on May 13 that according to market news, a smelter closed a deal for high-grade NPI today at a transaction price of 980 yuan/mtu (self pick-up at the port, tax included, 8%≤Ni≤10%), domestic pig iron. Another transaction was closed at a price of 985-990 yuan/mtu (self pick-up at the port, tax included, Ni≥11%), Indonesian pig iron. The total transaction volume was several thousand mt, with delivery by month-end May.

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