[NPI Daily Review] High-Grade NPI Prices Stop Falling and Rebound, Short-Term Steel Mill Acceptance Limited

Published: Dec 9, 2025 08:42

Save

[SMM Daily Review: High-Grade NPI Prices Stop Falling and Rebound, Short-Term Steel Mill Acceptance Limited] December 8 (SMM) - The average price of SMM 10-12% high-grade NPI was 886 yuan/mtu (ex-factory, tax included), up 5 yuan/mtu MoM from the previous working day.

SMM December 8 news,

On December 8, the average price of SMM 10-12% high-grade NPI was 886 yuan/mtu (ex-factory, tax included), up 5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.78, up 0.03 MoM. Supply side, upstream sentiment to hold prices firm continued to rise, with transaction prices from some iron plants rebounding significantly. Demand side, most steel mills had limited acceptance of high prices, and market transactions were mostly purchases by traders. Overall, high-grade NPI prices stopped falling and rebounded, but subsequent momentum may appear insufficient.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 mins ago

[SMM Nickel Flash] Qatar and the UAE Released April Sulfur Contract Prices

[SMM Nickel Flash] Qatar and the UAE Released April Sulfur Contract Prices QatarEnergy released its April sulfur contract price at FOB $570/mt, up $50/mt MoM. The UAE's April sulfur contract price was FOB $600/mt, up $70/mt MoM.

19 mins ago

2 hours ago

[SMM Nickel Midday Commentary] On April 2, nickel prices fluctuated downward, and Trump unilaterally claimed an overwhelming victory in the war against Iran

2 hours ago

[SMM Daily Review of Nickel Intermediate Products] On April 2, MHP and high-grade nickel matte prices declined with nickel prices

As of now, the FOB price of nickel in Indonesian MHP was $15,383/mt Ni, and the FOB price of cobalt in Indonesian MHP was $51,364/mt Co. MHP payables (against the SMM battery-grade nickel sulphate index) were 86.5-87.5, and the payable indicator for cobalt element in MHP (against SMM refined cobalt (Rotterdam warehouse)) was 94. The FOB price of Indonesian high-grade nickel matte was $15,666/mt Ni.

2 hours ago