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Home / Metal News / [Nickel Pig Iron Daily Review] Tender Prices from Mainstream Steel Mills Guide the Market, High-Grade NPI Prices Decline and Inquiries Increase
[Nickel Pig Iron Daily Review] Tender Prices from Mainstream Steel Mills Guide the Market, High-Grade NPI Prices Decline and Inquiries Increase
Oct 13, 2025 18:21[SMM Daily Review: Tender Prices from Mainstream Steel Mills Guide the Market, High-Grade NPI Prices Decline and Inquiries Increase] October 13 - The average price of 10-12% high-grade NPI was 951 yuan/mtu (ex-factory, tax included), down 2.5 yuan/mtu MoM from the previous working day.
SMM October 13 News,
On October 13, the SMM average price for 10-12% high-grade NPI was 951 yuan/mtu (ex-factory, tax included), down 2.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.29, up 0.01 MoM. Last week, a mainstream steel mill issued a tender price, down 10 yuan/mtu MoM, driving down the center of market quotations. Supply side, smelters offered fewer quotes amid a wait-and-see sentiment, but most traders' quotation centers were concentrated at 945 yuan/mtu. Demand side, guided by the mainstream steel mill's price, most stainless steel enterprises followed this price, and market inquiry and offer activity saw some rise today.
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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