[NPI Daily Review] Weak End-User Demand Weighed on Prices, High-Grade NPI Continued to Drop Slightly

Published: Apr 8, 2026 13:35

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[SMM Daily Comment: Weak End-User Demand Weighed on Prices, High-Grade NPI Continued to Drop Slightly] April 8 — The SMM high-grade NPI upstream sentiment index stood at 2.74, up 0.02 MoM, while the high-grade NPI downstream sentiment index stood at 1.49, flat MoM.

SMM April 8,

April 8, the SMM high-grade NPI market sentiment factor was 2.11, up 0.01 MoM, the high-grade NPI upstream sentiment factor was 2.74, up 0.02 MoM, and the high-grade NPI downstream sentiment factor was 1.49, flat MoM. Supply side, the upstream price center continued to decline, with some traders continuously lowering their offer prices. Demand side, the market remained relatively sluggish, and the price spread between high-grade and low-grade NPI continued to widen. Overall, consumption was relatively weak, and high-grade NPI prices maintained a slight downward trend.

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