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

Published: Dec 22, 2025 11:21

Save

[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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

[SMM Stainless Steel Flash] April 2, 2026: Stainless Steel Market Highlights

Policy & Trends: India has exempted three types of stainless steel flat products from BIS certification until Sep 2026, easing import barriers. Japan’s Metal One fully acquired Thailand’s PSCTH to boost high-end exports. In Taiwan, China, traders tentatively raised 304 prices by NT$2,000/ton following mill hikes, though holiday trading remains quiet. Market Drivers: 304 spot prices hold at 14,350–14,400 RMB/ton, with Indonesia FOB at $2,082.5/ton. While Middle East tensions keep logistics and fuel surcharges high, providing a strong price floor, weak downstream demand is keeping the market in a narrow range-bound pattern for now.

3 hours ago

6 hours ago

Data: SHFE, DCE market movement (Apr 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Apr , 2026

6 hours ago

7 hours ago

[SMM Analysis] Nickel Salt Prices Edge Down Amid Weak Downstream Demand and Rising Raw Material Costs

7 hours ago