[ NPI Daily Review ] Market Sluggish on Last Trading Day Before Holiday, High-Grade NPI Price Stable MoM

Published: Feb 13, 2026 14:17

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[SMM Daily Review: Sluggish Market on Last Trading Day Before Holiday, High-Grade NPI Price Holds Steady MoM] February 13 - The SMM average price for 10-12% high-grade NPI was 1,051.5 yuan/mtu (ex-factory, tax included), flat MoM compared with the previous working day.

SMM February 13 news,

On February 13, the average price of SMM 10-12% high-grade NPI was 1,051.5 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.92, down 0.07 MoM; the upstream sentiment factor for high-grade NPI was 2.71, down 0.08 MoM; the downstream sentiment factor for high-grade NPI was 1.13, down 0.06 MoM. Supply side, upstream enterprises generally quoted flat or slightly raised prices, and with cost support, they held high expectations for the post-holiday market. Demand side, on the last trading day before the holiday, there was no procurement demand in the market, and a strong wait-and-see sentiment prevailed during the holiday. Overall, on the last trading day before the holiday, the market had no liquidity, and high-grade NPI prices remained flat.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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