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Home / Metal News / [NPI Daily Review] High-Grade NPI Prices Remain Supported, but Growth Is Expected to Slow Down

[NPI Daily Review] High-Grade NPI Prices Remain Supported, but Growth Is Expected to Slow Down

iconDec 29, 2025 11:53
[SMM Daily Review: High-Grade NPI Prices Remain Supported, but Growth Rate Expected to Slow Down] December 29 - The average price of SMM 10-12% high-grade NPI was 910.5 yuan/mtu (ex-factory, tax included), up 6.5 yuan/mtu MoM from the previous working day.

SMM December 29 -

      On December 29, the SMM average price for 10-12% high-grade NPI was 910.5 yuan/mtu (ex-factory, tax included), up 6.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.68, up 0.04 MoM. Supply side, driven by some high-priced transactions and cost support, upstream suppliers held back cargoes and maintained firm offers, continuously providing bottom support for high-grade NPI prices. Demand side, a mainstream steel mill set a tender price at 910 yuan/mtu today, with 30,000 mt traded so far, leading to some cooling in downstream sentiment. Overall, high-grade NPI prices remain supported, but the pace of future increases is expected to slow down.

 

 

 

 

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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