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Home / Metal News / [NPI Daily Review] High-Grade NPI Market Transactions Remain Sluggish, Upward Pressure Gradually Emerges
[NPI Daily Review] High-Grade NPI Market Transactions Remain Sluggish, Upward Pressure Gradually Emerges
Sep 17, 2025 16:41[SMM Daily Review: High-Grade NPI Market Transactions Remain Quiet, Upward Pressure Gradually Emerges] September 17 (SMM) - The average price of 10-12% high-grade NPI was 954 yuan/mtu (ex-factory, tax included), unchanged from the previous trading day.
SMM September 17 -
On September 17, the SMM average price for 10-12% high-grade NPI was 954 yuan/mtu (ex-factory, tax included), flat from the previous working day. The market sentiment factor for high-grade NPI was 2.43, down 0.01 MoM. Supply side, auxiliary material prices ended their decline, with cost support coupled with traditional peak season support, smelters' offers remained firm. Demand side, downstream stockpiling for October was largely completed, with few fixed-price purchases recently, and market trading was quiet. Overall, prices faced resistance to rise, but with stainless steel continuing destocking, 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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