SMM

This week, the SMM 8-12% high-grade NPI average price was 956.7 yuan/mtu (ex-factory, tax included), up by 12.5 yuan/mtu WoW, marking a significant increase. Meanwhile, the Indonesian NPI FOB index also rose by $1.6/mtu WoW, further confirming the upward trend in high-grade NPI prices. The price increase of high-grade NPI this week expanded, driven by multiple factors on both the supply and demand sides.