SMM: High-Grade NPI Price Dips, Sentiment Factor Edges Down in Nov.

Published: Nov 18, 2025 14:10

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[SMM High-Grade NPI Market] November 18 – The SMM average price for 10-12% high-grade NPI was 899.5 yuan/mtu (ex-factory, tax included), down 3 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.85, down 0.01 MoM.

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