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Home / Metal News / [NPI Daily Review] Downstream Enterprises Show Limited Procurement, High-Grade NPI Price Increase Expected to Be Moderate

[NPI Daily Review] Downstream Enterprises Show Limited Procurement, High-Grade NPI Price Increase Expected to Be Moderate

iconSep 11, 2025 18:03
[SMM Daily Review: Limited Purchases by Downstream Enterprises Expected to Curb High-Grade NPI Price Gains] September 11 (SMM) - The average price of 10-12% high-grade NPI was 953.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day.

SMM September 11—

   On September 11, the SMM average price of 10-12% high-grade NPI was 953.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day. The market sentiment factor for high-grade NPI was 2.47, down 0.01 MoM. Supply side, cost lines remained firm, and upstream enterprises still showed some willingness to refuse to budge on prices. Demand side, downstream enterprises made few purchases recently, and purchase willingness remained low amid the upward price trend. Overall, high-grade NPI is expected to maintain its upward trend, but the increase may be limited.

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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