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Home / Metal News / [NPI Daily Review] Market Sentiment Gradually Improved, High-Grade NPI Prices Expected to Have Upside Room

[NPI Daily Review] Market Sentiment Gradually Improved, High-Grade NPI Prices Expected to Have Upside Room

iconSep 4, 2025 11:43
[SMM Daily Review: Market Sentiment Gradually Improves, High-Grade NPI Prices Expected to Have Upside Room] September 4 (SMM) - The average price of SMM 10-12% high-grade NPI was 944.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day.

SMM reported on September 4,

   The average price of 10-12% high-grade NPI was 944.5 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 2.46, up 0.01 MoM. During the traditional peak season, downstream consumption gradually improved, with the price center of spot transactions rising. Both upstream and downstream purchasing and sales willingness increased, and high-grade NPI prices are expected to have some upside room this month.

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

For more information on how to access our research reports, please email service.en@smm.cn

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