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Home / Metal News / [Nickel Pig Iron Daily Review] High-Grade NPI Prices Hold Steady Amid Back-and-Forth Negotiations Between Upstream and Downstream
[Nickel Pig Iron Daily Review] High-Grade NPI Prices Hold Steady Amid Back-and-Forth Negotiations Between Upstream and Downstream
Oct 17, 2025 17:16[SMM Daily Review: High-Grade NPI Prices Hold Steady Amid Back-and-Forth Negotiations Between Upstream and Downstream] October 17 (SMM) - The average price of SMM 10-12% high-grade NPI stood at 938 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day.
SMM October 17 News,
On October 17, the SMM average price of 10-12% high-grade NPI was 938 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.3, down 0.05 MoM. Supply side, as costs rose and profit margins remained low, upstream enterprises' willingness to sell weakened, but under the influence of the terminal, smelters' offers still decreased. Demand side, under stainless steel sales pressure, downstream stainless steel enterprises continued to drive down prices. Overall, suppressed end-use consumption upstream and support from high production costs downstream kept high-grade NPI prices stable temporarily, but given weak end-use consumption, high-grade NPI prices are expected to remain under pressure in the future.
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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