Nickel Market Sees Tentative Offers Post-Holiday, Prices Firm Amid Rising Ore Costs

Published: Feb 24, 2026 18:56

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[SMM Nickel Flash] February 24 – Supply side, on the first trading day after the holiday, some upstream enterprises began to test the waters with offers. Supported by cost increases from nickel ore, market quotations remained firm. Demand side, post-holiday demand recovery remains unclear, downstream procurement has not yet resumed, and the market lacks actual concluded transactions. Overall, trading on the first day after the holiday was still relatively sluggish, but supported by rising nickel ore prices, the price center for high-grade NPI continued to rise.

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