[NPI Daily Review] High-grade NPI Prices See Slight Rebound, Significant Fluctuations Unlikely Before Holiday

Published: Feb 6, 2026 15:16

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[SMM Daily Review: High-Grade NPI Prices Edge Up, Significant Fluctuations Unlikely Before Holiday] February 6 - The average price of SMM 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu MoM from the previous working day.

SMM February 6 News,

On February 6, the SMM average price of 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu from the previous working day. The market sentiment factor for high-grade NPI was 2.06, down 0.04 MoM; the upstream sentiment factor for high-grade NPI was 2.84, down 0.07 MoM; and the downstream sentiment factor for high-grade NPI was 1.28, flat MoM. Supply side, market offers were basically flat, with the price center showing a slight increase. Demand side, there was no large procurement demand before the holiday, but transactions were difficult to conclude at low prices. Overall, high-grade NPI prices saw a slight rebound, and significant fluctuations are unlikely to continue before the holiday.

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