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Home / Metal News / [Daily Review of NPI] Traders and upstream suppliers refuse to budge on prices when shipping goods; high-grade NPI has a price but no market
[Daily Review of NPI] Traders and upstream suppliers refuse to budge on prices when shipping goods; high-grade NPI has a price but no market
Jul 30, 2025 18:25Source:SMM
[SMM Daily Review: Traders and upstream suppliers refuse to budge on prices when shipping goods; high-grade NPI has a price but no market] On July 30, the average price of SMM 8-12% high-grade NPI was 912.5 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu from the previous working day...
SMM reported on July 30,
On July 30, the average price of SMM 8-12% high-grade NPI was 912.5 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu from the previous working day. Supply side, upstream nickel pig iron plants were bullish, as the current price remained below the cost line of nickel pig iron plants, resulting in low willingness to sell. On the consumption side, downstream large enterprises began to offer quotes, but there were significant price discrepancies. Currently, market transactions were still mainly based on average prices, with fixed-price transactions mostly involving small volumes from traders or downstream small enterprises. Overall, the high-grade NPI market remained in a state of "high prices but no transactions," with the market awaiting guidance from end-use consumption in August.
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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