[NPI Daily Review] Ongoing Disruptions from Nickel Ore News Kept High-Grade NPI Prices Relatively Stable

Published: Mar 27, 2026 15:47

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[SMM Daily Review: Ongoing Disruptions From Nickel Ore News, High-Grade NPI Prices Remained Relatively Stable] March 27 News: SMM's upstream sentiment factor for high-grade NPI was 2.84, down 0.02 MoM, while the downstream sentiment factor for high-grade NPI was 1.56, flat MoM.

SMM News, March 27,

March 27 News: SMM's high-grade NPI market sentiment factor was 2.2, down 0.01 MoM; the upstream high-grade NPI sentiment factor was 2.84, down 0.02 MoM; and the downstream high-grade NPI sentiment factor was 1.56, unchanged MoM. Supply side, disruptions from nickel ore-related news persisted, and upstream sellers kept quotations firm on cost support, with a renewed tendency to hold prices firm. Demand side, most stainless steel mills had no procurement demand in the short term, and market transactions remained weak. Overall, the market operated relatively steadily, with no growth in overall trading volume.

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