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Home / Metal News / [NPI Daily Review] High-Grade NPI Prices Slightly Decline, Yet Downside Room Limited

[NPI Daily Review] High-Grade NPI Prices Slightly Decline, Yet Downside Room Limited

iconDec 4, 2025 14:36
[SMM Daily Review: High-Grade NPI Price Edges Lower, Yet Downside Limited] Dec. 4 (SMM) - The average price of SMM 10-12% high-grade NPI stood at 881 yuan/mtu (ex-factory, tax included), down 0.5 yuan/mtu MoM from the previous working day.

SMM December 4 News,      

       On December 4, the average price of SMM 10-12% high-grade NPI was 881 yuan/mtu (ex-factory, tax included), down 0.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.74, up 0.01 MoM. Supply side, upstream sentiment to hold prices firm is gradually increasing, with most suppliers and iron plants holding back cargoes. Demand side, steel mill inventory remains high, purchasing demand is limited, and a small number of transaction prices remain low. Overall, high-grade NPI prices edged lower, but the downside room is 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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