[SMM Flash News] As of May 19, SMM reported that the price range of SMM 10-12% high-grade NPI (ex-factory) was 938-950 yuan/mtu, with the average price rising by 2.5 yuan/mtu from the previous working day, and trading at a premium of 1.5 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 938-952 yuan/mtu, with the average price rising by 2.5 yuan/mtu from the previous working day, and trading at a discount of 4 yuan/mtu to SMM 12-14% Indonesian high-grade NPI (CIF, tax included). The SMM high-grade NPI index was quoted at 948.02 yuan/mtu on the day, up 2.74 yuan/mtu from the previous working day, representing a 0.29% increase WoW; the SMM low-carbon high-grade NPI index was quoted at 955.3 yuan/mtu on the day, up 2.8 yuan/mtu from the previous working day.