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High-Grade NPI Prices Rise Amid Just-in-Time Procurement and Supply Firmness

Published: Feb 27, 2026 19:01
Source: SMM
[SMM Nickel Flash] Supply side, upstream offers remain firm. Demand side, some downstream users have just-in-time procurement needs, and the trading volume of high-grade NPI has increased, driving the market price center upward. Overall, differences between upstream and downstream persist, but in some just-in-time transactions, high-grade NPI prices continue to rise.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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