SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance CentreAnnouncements
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceCokeCoalPig IronSteel BilletFinished Steel
New Energy
New Energy
SolarLithiumCobaltCathode MaterialPhosphorusCarbon AnodeSeparatorElectrolyteBattery Cell And ModuleBattery RecyclingNickel And ManganeseOther MaterialsSodium-ion BatteryHydrogen Energy
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / [NPI Daily Review] Divergence Between Upstream and Downstream Is Evident, High-Grade NPI Price Increase Slows Down

[NPI Daily Review] Divergence Between Upstream and Downstream Is Evident, High-Grade NPI Price Increase Slows Down

iconDec 30, 2025 11:54
[SMM Daily Review: Significant Divergence Between Upstream and Downstream Leads to Slowdown in High-Grade NPI Price Increases] December 30 - The average price of SMM 10-12% high-grade NPI was 912.5 yuan/mtu (ex-factory, tax included), up 2 yuan/mtu MoM from the previous working day.

SMM December 30 news,      

      On December 30, the SMM average price of 10-12% high-grade NPI was 912.5 yuan/mtu (ex-factory, tax included), up 2 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.71, up 0.03 MoM. Supply side, bullish sentiment has not subsided, and upstream enterprises continue to hold prices firm. Demand side, with the release of tender prices by mainstream steel mills, market activity increased to some extent, but differences between upstream and downstream enterprises persist, and currently there are no large-volume transactions in the market. Overall, the contradiction between upstream and downstream enterprises is significant, and high-grade NPI prices continue to rise but the rate of increase shows a slowdown.

 

 

 

 

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

SMM Events & Webinars

All
MOST POPULAR
1.Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte
2.Technical Due Diligence Survey Of Nickel Product Unit
3.Long-term Price Forecast Of Nickel Industry
4.Feasibility Study Of Nickel Industry Investment
5.Indonesia Ni Industry Analysis
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.