[SMM high-grade NPI prices] The average price of SMM 8-12% high-grade NPI rose WoW by 5.2 yuan/mtu to 906.2 yuan/mtu (ex-factory, tax included). The FOB index price of Indonesian NPI increased WoW by 0.78 $/mtu to 110.64 $/mtu. After reaching an inflection point, the activity of inquiries and quotations for high-grade NPI prices has increased.
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.