[SMM Flash News] As reported by SMM on May 15, the price range of SMM 10-12% high-grade NPI (ex-factory) was 935-948 yuan/mtu, with the average price unchanged from the previous working day and at a premium of 2 yuan/mtu over SMM 8-10% high-grade NPI (ex-factory). The price range of SMM 10-12% Indonesian high-grade NPI (CIF, tax included) was 935-950 yuan/mtu, with the average price unchanged from the previous working day and at a discount of 4.5 yuan/mtu to SMM 12-14% Indonesian high-grade NPI (CIF, tax included). The SMM high-grade NPI index was quoted at 945.42 yuan/mtu on the day, down 0.13 yuan/mtu from the previous working day, representing a 0.01% decline WoW. The SMM low-carbon high-grade NPI index was quoted at 952.7 yuan/mtu on the day, down 0.1 yuan/mtu from the previous working day.