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Home / Metal News / [NPI Daily Review] Downstream Purchase Willingness Remains Sluggish, High-Grade NPI Price Pressure Emerges

[NPI Daily Review] Downstream Purchase Willingness Remains Sluggish, High-Grade NPI Price Pressure Emerges

iconSep 12, 2025 15:55
[SMM Daily Review: Downstream Purchase Willingness Remains Sluggish, High-Grade NPI Price Pressure Emerges] September 12 (SMM) - The average price of SMM 10-12% high-grade NPI was 953.5 yuan/mtu (ex-factory, tax included), flat from the previous working day.

SMM September 12 News,      

   September 12 News, SMM 10-12% high-grade NPI average price was 953.5 yuan/mtu (ex-factory, tax included), flat from the previous working day. The high-grade NPI market sentiment factor was 2.46, down 0.01 MoM. Supply side, cost line remains firm coupled with peak season expectations, upstream enterprises still have some willingness to refuse to budge on prices. Demand side, recent downstream enterprises' purchase willingness continues to be sluggish, with almost no fixed-price transactions in the market. Mainstream downstream enterprises' purchase prices may be slightly lowered. Overall, high-grade NPI prices remain stable, with increasing upward pressure.

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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