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Home / Metal News / [Daily Review of NPI] Prices of high-grade NPI continue to rise, with the market seeking fundamental support
[Daily Review of NPI] Prices of high-grade NPI continue to rise, with the market seeking fundamental support
Aug 13, 2025 18:29Source:SMM
[SMM Daily Review: High-grade NPI Prices Continue to Rise, Market Seeking Fundamental Support] On August 13th, the average price of SMM 10-12% high-grade NPI was 923 yuan/mtu (ex-factory, tax included), up 1.5 yuan/mtu from the previous working day.
SMM reported on August 13,
On August 13, the average price of SMM 10-12% high-grade NPI was 923 yuan/mtu (ex-factory, tax included), up 1.5 yuan/mtu from the previous working day. Supply side, domestic upstream refineries and traders continued to refuse to budge on prices, maintaining a mindset of holding back cargoes. On the consumption side, while there were high-price transactions in the market, there were also concerns that end-use consumption fell short of expectations, making it difficult to provide strong support for prices. Overall, the price of high-grade NPI continued to rise, but fundamental support had yet to emerge.
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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