SMM January 12 News,
On January 12, the SMM average price of 10-12% high-grade NPI was 972 yuan/mtu (ex-factory, tax included), up 10 yuan/mtu WoW. The market sentiment factor for high-grade NPI was 1.9, up 0.07 WoW; the upstream sentiment factor for high-grade NPI was 2.02, up 0.13 WoW; the downstream sentiment factor for high-grade NPI was 1.78, flat WoW. Supply side, upstream offers continued to rise, with strong bullish sentiment. Demand side, although end-use demand showed no improvement, traders' high-price purchases persisted, and the actual transaction center in the market continued to rise. Overall, high-grade NPI prices still have strong support.
