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Home / Metal News / [NPI Daily Review] High-Grade NPI Prices Await Clear Guidance Amid Significant Disparities Between Upstream and Downstream Markets

[NPI Daily Review] High-Grade NPI Prices Await Clear Guidance Amid Significant Disparities Between Upstream and Downstream Markets

iconNov 7, 2025 11:52
[SMM Daily Review: High-Grade NPI Prices Await Clear Guidance, Significant Divergence Between Upstream and Downstream Markets] November 7 (SMM) - The average price of SMM 10-12% high-grade NPI was 916 yuan/mtu (ex-factory, tax included), down 1.5 yuan/mtu MoM from the previous working day.

SMM November 7 News,      

       On November 7, the SMM average price of 10-12% high-grade NPI was 916 yuan/mtu (ex-factory, tax included), down 1.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.02, down 0.03 MoM. Supply side, amid the downtrend, smelters have stopped offering spot orders, while some traders continued to sell at low prices due to repayment needs. Demand side, some downstream buyers made small purchases of low-priced materials, but overall trading volume remained low. Mainstream steel mills announced the tender price for stainless steel scrap today, which maintained an economic advantage compared to high-grade NPI. Overall, the market maintained just-in-time procurement, and high-grade NPI prices await clear guidance.

 

 

 

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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