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Home / Metal News / [NPI Daily Review] Upstream Hold Prices Firm with Strong Sentiment, High-Grade NPI Prices Surge Significantly

[NPI Daily Review] Upstream Hold Prices Firm with Strong Sentiment, High-Grade NPI Prices Surge Significantly

iconJan 15, 2026 16:07
[SMM Daily Review: Upstream Hold Prices Firm with Strong Sentiment, High-Grade NPI Prices Surge] January 15 (SMM) - The average price of SMM 10-12% high-grade NPI stood at 1,012.5 yuan/mtu (ex-factory, tax included), up 30 yuan/mtu MoM from the previous working day.

SMM Jan. 15 news,      

      Jan. 15 news, SMM 10-12% high-grade NPI average price 1,012.5 yuan/mtu (ex-factory, tax included), up 30 yuan/mtu MoM from the previous working day. High-grade NPI market sentiment factor 2.06, up 0.06 MoM; high-grade NPI upstream sentiment factor 2.41, up 0.15 MoM; high-grade NPI downstream sentiment factor 1.71, down 0.04 MoM. Supply side, with futures rising again, upstream holds prices firm, offers generally increased. Demand side, downstream transactions and intended prices still show a significant gap from market offers, acceptance of high prices limited. Overall, back-and-forth negotiations between upstream and downstream stage, market may find transactions difficult in the short term.

 

 

 

 

 

 

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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