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Home / Metal News / [NPI Daily Review] High-Grade NPI Prices Rise Slowly, Yet Market Transactions Remain Sluggish
[NPI Daily Review] High-Grade NPI Prices Rise Slowly, Yet Market Transactions Remain Sluggish
Dec 11, 2025 11:55[SMM Daily Review: High-Grade NPI Prices Edge Up Slowly, Yet Market Transactions Remain Sluggish] December 11 (SMM) - The average price of 10-12% high-grade NPI was 888.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day.
SMM December 11 News,
On December 11, the SMM average price of 10-12% high-grade NPI was 888.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.70, down 0.05 MoM. Supply side, although upstream offers generally increased, it was difficult to close deals, with most transactions in the market concluded around the average price. Demand side, pressured by weak end-use consumption, downstream steel mills' purchase willingness remained sluggish, and most steel mills found it hard to accept prices above 900 yuan/mtu. Overall, the contradiction between upstream and downstream in the market was evident; although the price center of high-grade NPI moved up, market transactions were sluggish.
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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