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Home / Metal News / [Daily Nickel Pig Iron Review] High-Grade NPI Prices Hold Steady as Market Uncertainty Increases

[Daily Nickel Pig Iron Review] High-Grade NPI Prices Hold Steady as Market Uncertainty Increases

iconOct 20, 2025 22:14
[SMM Daily Review: High-Grade NPI Prices Hold Steady Amid Rising Market Uncertainty] October 20 - 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 20 News,      

  On October 20, the average price of SMM 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 2.25, down 0.05 MoM. Supply side, as costs rise and profit margins remain low, upstream enterprises' willingness to sell has weakened, but under the influence of the terminal, market offers remain under pressure. Demand side, under stainless steel sales pressure, downstream stainless steel enterprises continue to drive down prices. Overall, with end-use consumption suppressing from above and high production costs providing support below, high-grade NPI prices are holding steady temporarily, but given weak end-use consumption, 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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