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Home / Metal News / [NPI Daily Review] High-Grade NPI Trading Weakens Again, Limited Downside Potential for Prices

[NPI Daily Review] High-Grade NPI Trading Weakens Again, Limited Downside Potential for Prices

iconDec 1, 2025 11:27
[SMM Daily Review: High-Grade NPI Trading Weakens Again, Limited Downside Room for Prices] December 1 - The average price of SMM 10-12% high-grade NPI was 881.5 yuan/mtu (ex-factory, tax included), down 1 yuan/mtu MoM from the previous working day.

SMM December 1 News,      

       On December 1, the average price of SMM 10-12% high-grade NPI was 881.5 yuan/mtu (ex-factory, tax included), down 1 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.74, down 0.05 MoM. Supply side, supply remained stable, while upstream iron plants still offered no spot order prices, showing a clear intention to hold prices firm, and most traders also had no offers. Demand side, after some procurement demand was released last week, new transactions are currently hard to find in the market, and market activity has stalled again. Overall, high-grade NPI prices remain weak, but the downside room is relatively limited.

 

 

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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