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Home / Metal News / [NPI Daily Review] High-Grade NPI Price Decline Slows Down Amid Lack of Guidance in Cost Support
[NPI Daily Review] High-Grade NPI Price Decline Slows Down Amid Lack of Guidance in Cost Support
Oct 30, 2025 13:42[SMM Daily Review: High-Grade NPI Price Decline Slows Down Amid Lack of Guidance Despite Cost Support] October 30 - The average price of SMM 10-12% high-grade NPI was 924.5 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day.
SMM October 30 News,
On October 30, the average price of SMM 10-12% high-grade NPI was 924.5 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.11, down 0.02 MoM. Supply side, upstream enterprises held back cargoes due to losses, with current offers largely flat MoM. Demand side, most downstream enterprises showed strong wait-and-see sentiment, and stainless steel enterprises had production cut plans, reducing demand and making them less eager to purchase. Overall, high-grade NPI price declines slowed down amid cost support, but prices remain under pressure in the long term, more likely to fall than rise.
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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