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Home / Metal News / [NPI Daily Review] High-Grade NPI Market Sentiment Remains Weak, Prices Continue Under Pressure Amid Dual Weakness in Supply and Demand

[NPI Daily Review] High-Grade NPI Market Sentiment Remains Weak, Prices Continue Under Pressure Amid Dual Weakness in Supply and Demand

iconNov 13, 2025 11:52
[SMM Daily Review: High-Grade NPI Market Sentiment Remains Weak, Prices Under Continued Pressure Amid Weak Supply and Demand] November 13 (SMM) – The average price of SMM 10-12% high-grade NPI stood at 907 yuan/mtu (ex-factory, tax included), down 2 yuan/mtu MoM from the previous working day.

SMM November 13 News,      

       On November 13, the SMM average price for 10-12% high-grade NPI was 907 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 1.89, down 0.03 MoM. Supply side, some traders continued to sell at low prices, pushing the transaction center lower, and offers from NPI plants also declined. Demand side, downstream inventory remains high, port inventory is also elevated, and downstream enterprises are cautious in purchasing, making it difficult to see large-volume transactions in the market. Overall, amid the off-season atmosphere, high-grade NPI prices are expected to remain under pressure.

 

 

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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