SMM: Nickel Market Sentiment Slips, Trading Sluggish Amid Price Discrepancies

Published: Jun 23, 2026 14:46

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[SMM Nickel Flash] On June 23, the SMM market sentiment index for high-grade NPI was 2.27, down 0.04 MoM; the upstream sentiment index for high-grade NPI was 2.67, down 0.05 MoM; and the downstream sentiment index for high-grade NPI was 1.88, down 0.02 MoM. The overall trading atmosphere in the nickel-iron market was sluggish today, with few transactions concluded. Price divergences between supply and demand persisted, as suppliers showed strong willingness to hold prices firm, while downstream purchasing interest remained insufficient.

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