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Home / Metal News / [NPI Daily Review] Prices Approach Historical Lows, High-Grade NPI Market Remains Quiet with Few Transactions

[NPI Daily Review] Prices Approach Historical Lows, High-Grade NPI Market Remains Quiet with Few Transactions

iconNov 14, 2025 11:37
[SMM Daily Review: Prices Approach Historical Lows, High-Grade NPI Market Quiet with Few Deals] November 14 (SMM) - The average price of 10-12% high-grade NPI was 905.5 yuan/mtu (ex-factory, tax included), down 1.5 yuan/mtu MoM from the previous working day.

SMM November 14 News,      

       On November 14, the SMM average price for 10-12% high-grade NPI was 905.5 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 1.87, down 0.02 MoM. Supply side, current high-grade NPI prices are approaching historical lows and show a continued downward trend, with traders' quoted center still gradually declining. Demand side, market inventory continues to build up without clear guidance, downstream purchasing remains cautious, and the overall market maintains quietness with transactions difficult to find. 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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