[NPI Daily Review] Actual Transaction Center Still Declining, Market Awaits Future Trends amid Macro Disturbances

Published: Apr 13, 2026 11:55

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[SMM Daily Comment: Actual Transaction Center Still Declining, Market Taking a Wait-and-See Approach amid Macro Disturbances] April 13 — The SMM high-grade NPI upstream sentiment factor was 2.78, up 0.04 MoM, and the high-grade NPI downstream sentiment factor was 1.51, up 0.03 MoM.

SMM April 13 News,

April 13 News, the SMM high-grade NPI market sentiment factor was 2.15, up 0.04 MoM, the high-grade NPI upstream sentiment factor was 2.78, up 0.04 MoM, and the high-grade NPI downstream sentiment factor was 1.51, up 0.03 MoM. Supply side, although some upstream players intended to raise offer prices due to rising stainless steel futures and expectations of an increase in the Indonesian benchmark price, the actual market price center showed no increase. Demand side, steel mills used large amounts of steel scrap, and under cost-efficiency pressure, their intended purchase prices for high-grade NPI kept falling. Overall, the actual transaction price center continued to decline, and the market was waiting for the benchmark price results.

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