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Home / Metal News / [Nickel Pig Iron Daily Review] High-Grade NPI Prices Hold Steady, Downstream Steel Mills' Purchase Willingness Remains Low
[Nickel Pig Iron Daily Review] High-Grade NPI Prices Hold Steady, Downstream Steel Mills' Purchase Willingness Remains Low
Dec 9, 2025 11:52[SMM Daily Review: High-grade NPI Prices Hold Steady, Downstream Steel Mills' Purchase Willingness Low] December 9 (SMM) - The average price of SMM 10-12% high-grade NPI was 886.5 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu MoM from the previous working day.
SMM December 9 news,
December 9 news, the SMM average price of 10-12% high-grade NPI was 886.5 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu MoM from the previous working day. The high-grade NPI market sentiment factor was 1.77, down 0.01 MoM. Supply side, upstream continued to hold prices firm and further raised them, market expectations for future prices rebounded somewhat, and some traders engaged in purchasing and stockpiling. 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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