SMM September 15 News,
September 15 News, SMM 10-12% high-grade NPI average price was 954 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu from the previous working day. The high-grade NPI market sentiment factor was 2.45, down 0.01 MoM. Supply side, amid peak season expectations, upstream enterprises maintained a stance to refuse to budge on prices. Although fixed-price transactions were scarce, high-grade NPI offers remained firm. Demand side, downstream enterprises' purchase willingness remained relatively sluggish this week. Overall, there is some resistance to price rises, but with the support of the peak season, prices are expected to remain firm.
