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Home / Metal News / [Daily Review of NPI] The price center of high-grade NPI continues to move up, but the wait-and-see sentiment in the market is strong
[Daily Review of NPI] The price center of high-grade NPI continues to move up, but the wait-and-see sentiment in the market is strong
Jul 25, 2025 17:33Source: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.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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