SMM News Flash: Prices of High-Grade NPI Increase on February 21

Published: Feb 21, 2025 11:18

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[SMM News Flash] On February 21, SMM reported that the ex-factory price range for SMM 10-12% high-grade NPI was 973-980 yuan/mtu, with an average price up 1.5 yuan/mtu from the previous working day and a premium of 5 yuan/mtu over SMM 8-10% high-grade NPI (ex-factory price). The price range for SMM 10-12% Indonesian high-grade NPI (CIF, tax-included) was 971-983 yuan/mtu, with an average price up 1 yuan/mtu from the previous working day and a discount of 5 yuan/mtu compared to SMM 12-14% Indonesian high-grade NPI (CIF, tax-included). The SMM high-grade NPI index was quoted at 976.74 yuan/mtu on the day, up 2.2 yuan/mtu from the previous working day, with a 0.23% increase MoM. The SMM low-carbon high-grade NPI index was quoted at 986.1 yuan/mtu on the day, up 2.1 yuan/mtu from the previous working day.

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