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  [SMM Analysis] Cost and Fundamentals Resonate, High-Grade NPI Prices Rise Rapidly

  [SMM Analysis: Cost and Fundamentals Resonate, High-Grade NPI Prices Rise Rapidly] The average price of SMM 10-12% high-grade NPI rose WoW by 26.1 yuan/mtu to 1,071.5 yuan/mtu (ex-factory, tax included), while the average Indonesia NPI FOB index price increased WoW by $3.31/mtu to $136.32/mtu. After the Chinese New Year, the high-grade NPI market gradually recovered this week. Supported by both fundamentals and costs, high-grade NPI prices continued to climb.

• Feb Alumina Output Slips as Maintenance Bites, Supply Glut Extends into March

• [SMM Analysis] China's ESS Sector is Poised to Consume 710,000 mt of Aluminum Semis in 2025

• 2026 SMM Chinese New Year Holiday Wire and Cable Enterprise Resumption Survey!

  Following the Chinese New Year holiday, the domestic wire and cable industry has gradually resumed production in an orderly manner, with the overall pace of work resumption largely aligning with expectations. The specific details are as follows......

• Chinese New Year Holiday Resumption Status of Copper Cathode Rod Enterprises in 2026【SMM Analysis】

  【SMM Analysis: Chinese New Year Holiday Production Resumption at Copper Cathode Rod Enterprises in 2026】Following the Chinese New Year holiday, the resumption of production at domestic copper cathode rod enterprises proceeded in an orderly manner, with the overall pace largely consistent with pre-holiday arrangements, with only a few individual enterprises showing deviations.......