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Home / Metal News / [NPI Daily Review] High-Grade NPI Prices Continue to Rise Amid Cost Support and Peak Season Expectations

[NPI Daily Review] High-Grade NPI Prices Continue to Rise Amid Cost Support and Peak Season Expectations

iconSep 2, 2025 09:00
[SMM Daily Review: High-Grade NPI Prices Continue to Rise on Cost Support and Peak Season Expectations] September 1 - The average price of SMM 10-12% high-grade NPI was 941.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day.

SMM September 1 news,      

   On September 1, the average price of SMM 10-12% high-grade NPI was 941.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day. The market sentiment factor for high-grade NPI stood at 2.44, up 0.01 MoM. Entering September, improved macro sentiment coupled with peak season expectations has boosted market quotation activity, while smelter cost lines remain firm. High-grade NPI prices are expected to continue rising.

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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