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Home / Metal News / [NPI Daily Review] Market activity rebounded MoM, high-grade NPI prices continued to rise.

[NPI Daily Review] Market activity rebounded MoM, high-grade NPI prices continued to rise.

iconDec 23, 2025 14:06
[Market Activity Rebounds MoM, High-Grade NPI Prices Continue to Rise] December 23 (SMM) – The average price of SMM 10-12% high-grade NPI was 889 yuan/mtu (ex-factory, tax included), up 4 yuan/mtu MoM from the previous working day.

SMM December 23 News,      

      On December 23, the average price of SMM 10-12% high-grade NPI was 889 yuan/mtu (ex-factory, tax included), up 4 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.62, up 0.03 MoM. Supply side, market sentiment improved significantly today, driven by nickel prices and stainless steel prices, some upstream iron plants sold at high prices. Demand side, although leading stainless steel mills had no new purchase plans, there was some pre-holiday stockpiling and early release of post-holiday bullish demand, with some traders actively purchasing, driving the price center upward. Overall, market sentiment improved significantly, upstream players held prices firm, and high-grade NPI prices continued to rise.

 

 

 

 

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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