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Home / Metal News / [Nickel Pig Iron Daily Review] High-Grade NPI Price Center Rises, Market Trading Activity Awaits Recovery

[Nickel Pig Iron Daily Review] High-Grade NPI Price Center Rises, Market Trading Activity Awaits Recovery

iconDec 22, 2025 11:21
[SMM Daily Review: High-Grade NPI Price Center Moves Up, Market Activity Still Awaits Recovery] Dec. 22 (SMM) - The average price of SMM 10-12% high-grade NPI was 885 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day.

SMM December 22 News,      

      On December 22, the SMM average price for 10-12% high-grade NPI was 885 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 1.59, up 0.01 MoM. Supply side, upstream offers remained relatively firm, with some traders executing transactions at high prices. Demand side, futures rose, but actual end-use consumption showed no significant improvement yet, with the market only releasing some rigid pre-holiday stockpiling demand. Overall, the sharp rise in futures drove a certain rebound in market sentiment, and the price center for high-grade NPI moved upward, but current market trading volume remained low.

 

 

 

 

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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