SMM reported on September 4,
The average price of 10-12% high-grade NPI was 944.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day. The market sentiment factor for high-grade NPI stood at 2.46, up 0.01 MoM. During the traditional peak season, downstream consumption gradually improved, with the price center of spot transactions rising. Both upstream and downstream purchasing and sales willingness increased, and high-grade NPI prices are expected to have some upside room this month.
