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Home / Metal News / [NPI Daily Review] Shortage of Low-Grade High-Nickel Pig Iron Supplies, Recent Transaction Price Center Remains High
[NPI Daily Review] Shortage of Low-Grade High-Nickel Pig Iron Supplies, Recent Transaction Price Center Remains High
Aug 19, 2025 14:56Source:SMM
[SMMDailyCommentary:ShortageofLow-GradeHigh-GradeNPIKeepsRecentTransactionPriceCenterHigh]OnAugust19,SMM10-12%high-gradeNPIaveraged927yuan/mtu(ex-factory,taxincluded),up1yuan/mtufromthepreviousworkingday.
SMM August 19 News,
On August 19, the SMM 10-12% high-grade NPI average price was 927 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day. The high-grade NPI market sentiment factor was 2.29, up 0.01 MoM. Supply side, there is a shortage of 8-11% grade high-grade NPI in the domestic market recently, while higher-grade supplies are abundant, leading to higher domestic prices. Demand side, macro sentiment pulled back, and downstream enterprises are still in the inventory digestion phase, with most downstream stainless steel mills showing low acceptance of high prices. Overall, the price center of the high-grade NPI market remains high, but procurement demand from downstream enterprises has yet to materialize.
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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