SMM High-Grade NPI Price Rises Slightly, Market Sentiment Stable

Published: Feb 24, 2026 18:56

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[SMM Nickel Flash] On February 24, the SMM average price for 10-12% high-grade NPI was 1,053.5 yuan/mtu (ex-factory, tax included), up 2 yuan/mtu MoM from the previous trading day. The market sentiment factor for high-grade NPI was 1.92, flat MoM, while the upstream sentiment factor was 2.71, flat MoM, and the downstream sentiment factor was 1.13, flat MoM.

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