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Home / Metal News / [Nickel Pig Iron Daily Review] High-Grade NPI Prices Face Resistance to Rise but Remain Firm Amid Peak Season

[Nickel Pig Iron Daily Review] High-Grade NPI Prices Face Resistance to Rise but Remain Firm Amid Peak Season

iconSep 15, 2025 11:56
[SMM Daily Review: High-Grade NPI Prices Face Resistance to Rise but Remain Firm Amid Peak Season] September 15 (SMM) - The average price of SMM 10-12% high-grade NPI was 954 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu from the previous working day.

SMM September 15 News,      

   September 15 News, SMM 10-12% high-grade NPI average price was 954 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu from the previous working day. The high-grade NPI market sentiment factor was 2.45, down 0.01 MoM. Supply side, amid peak season expectations, upstream enterprises maintained a stance to refuse to budge on prices. Although fixed-price transactions were scarce, high-grade NPI offers remained firm. Demand side, downstream enterprises' purchase willingness remained relatively sluggish this week. Overall, there is some resistance to price rises, but with the support of the peak season, prices are expected to remain firm.

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.

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