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Home / Metal News / [NPI Daily Review] Futures Continue to Rise, Boosting Sentiment as High-Grade NPI Prices Climb Further

[NPI Daily Review] Futures Continue to Rise, Boosting Sentiment as High-Grade NPI Prices Climb Further

iconJan 6, 2026 13:44
[SMM Daily Review: Futures Continue to Rise, Boosting Sentiment as High-Grade NPI Prices Climb Further] January 6 – The average price of SMM 10-12% high-grade NPI was 935 yuan/mtu (ex-factory, tax included), up 7.5 yuan/mtu MoM from the previous working day.

SMM January 6 News,      

      On January 6, the SMM average price for 10-12% high-grade NPI was 935 yuan/mtu (ex-factory, tax included), up 7.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.82, up 0.05 MoM; the upstream sentiment factor for high-grade NPI was 1.57, up 0.07 MoM; and the downstream sentiment factor for high-grade NPI was 2.07, up 0.02 MoM. Supply side, futures continued to rise, and market bullish sentiment was strong, with upstream enterprises continuing to raise their offers. Demand side, there was a small amount of just-in-time procurement from downstream, while some traders were actively purchasing, pushing up transaction prices. Overall, market transaction prices continued to climb, and high-grade NPI prices are expected to continue 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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