[NPI Daily Review] NPI Market Transactions Slow Down as Holiday Approaches

Published: Sep 30, 2026 11:51 (GMT+8)

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[SMM Daily Review: NPI Market Transactions Slow Down Ahead of Holiday] September 30 news, SMM high-grade NPI upstream sentiment factor was 1.87, down 0.06 MoM, and the high-grade NPI downstream sentiment factor was 1.72, down 0.02 MoM.

SMM, September 30 –

On September 30, the SMM high-grade NPI market sentiment index stood at 1.79, down 0.05 MoM. The upstream sentiment index for high-grade NPI was 1.87, down 0.06 MoM, while the downstream sentiment index for high-grade NPI was 1.72, down 0.02 MoM. With the holiday approaching, market participants gradually went on leave, and most enterprises suspended quotations, leading to a notable pullback in overall trading activity. In the spot market, a small number of deals were still concluded, and mainstream market intentions remained stable.

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