According to SMM, the current quotes in the NPI market are relatively fragmented, and there are few actual transaction prices. From the feedback of enterprises, it seems that there has been no significant improvement in end-use consumption. The premium of NPI over stainless steel scrap has also been rising since last Monday, and the bottom support for prices is relatively weak. SMM expects that the market will maintain a hold up well trend this week, with quotes ranging from 900 to 930 yuan/mtu.
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.