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Home / Metal News / [Nickel Pig Iron Daily Review] High-Grade NPI Prices Remain Unchanged, Market Awaits Clear Guidance

[Nickel Pig Iron Daily Review] High-Grade NPI Prices Remain Unchanged, Market Awaits Clear Guidance

iconDec 2, 2025 11:20
[SMM Daily Review: High-Grade NPI Price Unchanged as Market Awaits Clear Guidance] December 2 - The average price of SMM 10-12% high-grade NPI was 881.5 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day.

SMM December 2 news,      

       On December 2, the average price of SMM 10-12% high-grade NPI was 881.5 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.74, flat MoM. Supply side, upstream offers remained scarce, with most suppliers and iron plants holding back cargoes. Demand side, steel mill inventory remained high, with limited procurement demand, and a slight rebound in offers for small procurement needs. Overall, high-grade NPI prices held steady temporarily, but with high upstream and downstream inventory, a significant recovery in prices may be difficult to see in the short term.

 

 

 

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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