[Daily Review of NPI] The center of high-grade NPI quotes rises, with no large-scale transactions in the market

SMM reported on August 5,

       On August 5, the average price of SMM 10-12% high-grade NPI was 916 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu from the previous working day. Supply side, the center of domestic refinery quotations has risen, but there have been no large-scale transactions yet. Currently, the market is still in an inverted state, with most refineries not willing to ship goods, and the available supply in the market remains tight. On the consumption side, some traders made high-priced transactions during the week, and the market generally has a bullish outlook for the future, but large stainless steel enterprises are still on the sidelines. Overall, the center of high-grade NPI quotations has risen, but there have been no large-scale transactions in the market yet.