[NPI Daily Review] Rising Ore Prices Provide Strong Cost Support, High-Grade NPI Prices Gradually Raised

Published: Mar 13, 2026 14:04

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[SMM Daily Review: Rising Ore Prices Provide Strong Cost Support, High-Grade NPI Prices Were Gradually Raised] March 13 News, SMM's upstream sentiment factor for high-grade NPI was 2.92, up 0.01 MoM, while the downstream sentiment factor for high-grade NPI was 1.72, up 0.07 MoM.

SMM News, March 13:

March 13 News: SMM's high-grade NPI market sentiment factor was 2.32, up 0.04 MoM; the upstream sentiment factor for high-grade NPI was 2.92, up 0.01 MoM; and the downstream sentiment factor for high-grade NPI was 1.72, up 0.07 MoM. Supply side, as costs were strongly supported by rising ore prices, upstream offer indications remained firm. Demand side, as market activity gradually rebounded, steel mills' indicative bid prices also saw some increases. Overall, market trading activity gradually recovered, and high-grade NPI prices were supported.

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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