[NPI Daily Review] A Small Volume of High-Priced Transactions Boosted Market Sentiment, and the Price Center of High-Grade NPI Maintained an Upward Trend

Published: Apr 21, 2026 14:29

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[SMM Daily Comment: Limited High-Price Transactions Boosted Sentiment, High-Grade NPI Price Center Continued to Rise] April 21 — The SMM high-grade NPI upstream sentiment factor was 3.08, up 0.05 MoM, and the high-grade NPI downstream sentiment factor was 1.86, up 0.03 MoM.

SMM April 21,

April 21, the SMM high-grade NPI market sentiment factor was 2.47, up 0.04 MoM, the high-grade NPI upstream sentiment factor was 3.08, up 0.05 MoM, and the high-grade NPI downstream sentiment factor was 1.86, up 0.03 MoM. Supply side, upstream suppliers continued to raise offer prices, with a clear willingness to hold prices firm. Demand side, some steel mills made just-in-time procurement, and a small volume of high-priced transactions occurred in the market. Overall, divergence between upstream and downstream participants persisted, and supported by rigid supply-demand and cost fundamentals, the price center maintained an upward trend.

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