[NPI Daily Review] As the Holiday Approached, the Market Was Sluggish, and the Price Center of High-Grade NPI Moved Lower

Published: Apr 3, 2026 13:37

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[SMM Daily Review: As the Holiday Approaches, the Market Turns Sluggish and the Price Center of High-Grade NPI Moves Lower] April 3 News: SMM's upstream sentiment factor for high-grade NPI was 2.69, down 0.05 MoM, while the downstream sentiment factor for high-grade NPI was 1.49, down 0.02 MoM.

SMM News, April 3:

April 3 News: SMM's market sentiment factor for high-grade NPI was 2.09, down 0.04 MoM; the upstream sentiment factor for high-grade NPI was 2.69, down 0.05 MoM; and the downstream sentiment factor for high-grade NPI was 1.49, down 0.02 MoM. Supply side, the center of upstream quotations continued to edge lower, and as the holiday approached, market offers decreased. Demand side, only a small number of transactions were concluded recently, and the price center slipped slightly. Overall, with the Qingming Festival approaching, market activity was sluggish, and the price center moved slightly lower.

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