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

Published: Feb 27, 2026 14:42
[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.

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