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Home / Metal News / [NPI Daily Review] Market Wait-and-See Sentiment Weighs Heavily as High-Grade NPI Prices Edge Up Slowly
[NPI Daily Review] Market Wait-and-See Sentiment Weighs Heavily as High-Grade NPI Prices Edge Up Slowly
Dec 10, 2025 11:51[SMM Daily Review: Market Sentiment Remains Cautious, High-Grade NPI Prices Edge Up Slowly] December 10 (SMM) - The average price of 10-12% high-grade NPI was 887.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day.
SMM December 10 news,
December 10 news, SMM high-grade NPI average price 887.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day. High-grade NPI market sentiment factor 1.75, down 0.02 MoM. Supply side, upstream continued to hold prices firm and further raised them, but actual transactions were few, and market supply remained relatively ample. Demand side, most steel mills had limited acceptance of high prices, with purchase willingness low and wait-and-see sentiment heavy. Overall, upstream-downstream contradictions deepened, and although high-grade NPI prices gradually moved higher, support was expected to be weak.
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