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Home / Metal News / The price center of high-grade NPI continues to move upward, yet the market is dominated by wait-and-see sentiment [Daily Review of NPI]
The price center of high-grade NPI continues to move upward, yet the market is dominated by wait-and-see sentiment [Daily Review of NPI]
Jul 25, 2025 17:31Source:SMM
[SMM Daily Review: Price Center of High-grade NPI Continues to Rise, but Market Wait-and-See Sentiment Remains Strong] On July 25, the average price of SMM 8-12% high-grade NPI was 910 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day...
SMM July 25 news,
On July 25, the SMM average price of 8-12% high-grade NPI was 910 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day. Supply side, despite the rise in the price center, upstream smelters still faced cost inversion, resulting in weak willingness to sell. Demand side, as prices retreated while end-use consumption showed no significant improvement, downstream steel mills had limited acceptance of current prices. Overall, the price center continued to climb, but both upstream and downstream showed low willingness to transact at current levels, with most fixed-price deals dominated by traders.
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