SMM December 10 news,
December 10 news, SMM high-grade NPI average price 887.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day. High-grade NPI market sentiment factor 1.75, down 0.02 MoM. Supply side, upstream continued to hold prices firm and further raised them, but actual transactions were few, and market supply remained relatively ample. Demand side, most steel mills had limited acceptance of high prices, with purchase willingness low and wait-and-see sentiment heavy. Overall, upstream-downstream contradictions deepened, and although high-grade NPI prices gradually moved higher, support was expected to be weak.
