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Home / Metal News / [NPI Daily Review] High-Grade NPI Sees Limited Low-Price Transactions, Wait-and-See Sentiment Remains Strong

[NPI Daily Review] High-Grade NPI Sees Limited Low-Price Transactions, Wait-and-See Sentiment Remains Strong

iconNov 6, 2025 13:24
[SMM Daily Review: A Few Low-Price Trades Observed in High-Grade NPI Market, Wait-and-See Sentiment Remains Strong] November 6 (SMM) - The average price of SMM 10-12% high-grade NPI stood at 917.5 yuan/mtu (ex-factory, tax included), down 2 yuan/mtu MoM from the previous working day.

SMM November 6 News,      

       On November 6, the SMM average price for 10-12% high-grade NPI was 917.5 yuan/mtu (ex-factory, tax included), down 2 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.05, down 0.03 MoM. Supply side, amid the downtrend, smelters offered few quotes, but some suppliers gradually sold at low prices, with low-price transactions emerging again recently. Demand side, some downstream buyers made small purchases of low-priced material, but mainstream steel mills maintained a wait-and-see sentiment, and overall market trading volume remained low. In general, the market maintained just-in-time procurement, and high-grade NPI prices are expected to have further downside room.

 

 

 

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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