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Home / Metal News / [Daily Review of NPI] Macro Support Drives Price Increase, High-grade NPI Prices Continue to Rise
[Daily Review of NPI] Macro Support Drives Price Increase, High-grade NPI Prices Continue to Rise
Aug 12, 2025 20:34Source:SMM
[SMM Daily Review: Macro Support Drives Price Increase, High-Grade NPI Prices Continue to Rise] On August 12, the average price of SMM 10-12% high-grade NPI was 921.5 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu from the previous working day.
SMM reported on August 12,
On August 12, the average price of SMM 10-12% high-grade NPI was 921.5 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu from the previous working day. On the supply side, domestic upstream refineries and traders continued to raise their quotes, and some high-priced transactions were concluded domestically. In terms of consumption, high-priced transactions continued to be concluded for cargo arriving from Indonesia. Meanwhile, driven by rising expectations for an US Fed interest rate cut in August, stainless steel futures prices rose, further driving up quotes. Overall, the price of high-grade NPI continued to rise, and the upward trend is expected to persist this week.
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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