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Home / Metal News / [NPI Daily Review] Futures Surge Boosts Sentiment Rebound, Market Awaits Actual Transaction Guidance
[NPI Daily Review] Futures Surge Boosts Sentiment Rebound, Market Awaits Actual Transaction Guidance
Dec 19, 2025 14:54[SMM Daily Review: Futures surge boosts sentiment rebound, market awaits actual transaction guidance] December 19 - SMM 10-12% high-grade NPI average price 884 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day.
SMM December 19 news,
On December 19, the average price of SMM 10-12% high-grade NPI was 884 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.58, up 0.01 MoM. Supply side, upstream offers remained relatively firm, with some traders transacting at high prices. Demand side, despite a sharp rise in futures, actual end-use consumption showed no improvement, and stainless steel product prices did not see significant recovery. Overall, the sharp rise in futures led to some rebound in market sentiment, but the market is still waiting for more transaction price guidance.
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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