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Home / Metal News / [Nickel Pig Iron Daily Review] High-Grade NPI Continues Downward Trend, Smelters Implement Production Cuts Amid Cost Pressure

[Nickel Pig Iron Daily Review] High-Grade NPI Continues Downward Trend, Smelters Implement Production Cuts Amid Cost Pressure

iconDec 16, 2025 11:25
[SMM Daily Review: High-Grade NPI Continues Downward Trend, Smelters Cut Production Amid Cost Pressure] December 16 (SMM) - The average price of SMM 10-12% high-grade NPI was 886.5 yuan/mtu (ex-factory, tax included), down 1 yuan/mtu MoM from the previous working day.

SMM December 16 news,      

      December 16 news, SMM 10-12% high-grade NPI average price 886.5 yuan/mtu (ex-factory, tax included), down 1 yuan/mtu MoM from the previous working day. High-grade NPI market sentiment factor 1.62, down 0.04 MoM. Supply side, domestic upstream smelters underwent maintenance and production cuts, yet overall market supply remained high. Demand side, impacted by the futures market slump, downstream selling prices were dragged down, downstream purchase willingness weak, transactions hard to find. Overall, market transactions sluggish, high-grade NPI lacking support, prices weakening.

 

 

 

 

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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