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Home / Metal News / [NPI Daily Review] Short-term Procurement Sentiment Slowdown Supports High-Grade NPI Prices to Remain Stable

[NPI Daily Review] Short-term Procurement Sentiment Slowdown Supports High-Grade NPI Prices to Remain Stable

iconAug 28, 2025 15:46
Source:SMM
[SMMDailyComment:Short-termPurchasingSentimentSlowdownCostLineSupportsStableHigh-GradeNPIPrices]OnAugust28,SMM10-12%high-gradeNPIaveraged940.5yuan/mtu(ex-factory,taxincluded),unchangedfromthepreviousworkingday.

SMM August 28 News,

   On August 28, the SMM 10-12% high-grade NPI average price was 940.5 yuan/mtu (ex-factory, tax included), unchanged from the previous working day. The market sentiment factor for high-grade NPI was 2.42, up 0.02 MoM. Recently, trading volume has continued to increase, but most downstream inventories are relatively sufficient, and procurement demand is not urgent. Meanwhile, smelter cost lines have been continuously rising, suggesting that high prices for high-grade NPI may find support at the bottom.

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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