[NPI Daily Review] Multi-grade Bulk Deals Concluded, NPI Prices Strengthen in Tiers

Published: Jun 16, 2026 14:19

Save

[SMM Daily Review: Multi-Grade Batch Deals Conclude, Nickel Iron Prices Strengthen in Tiers] June 15 news: SMM high-grade NPI upstream sentiment factor was 2.75, up 0.01 MoM, while the high-grade NPI downstream sentiment factor was 1.87, up 0.03 MoM.

SMM June 16 news report,

June 16 news report, SMM high-grade NPI market sentiment factor was 2.31, up 0.02 MoM, high-grade NPI upstream sentiment factor was 2.75, up 0.01 MoM, high-grade NPI downstream sentiment factor was 1.87, up 0.03 MoM. Futures prices stopped falling in the previous session, driving an improvement in market sentiment. NPI market transaction volume surged, with actual deals concluded for various grades of cargoes. The market transaction atmosphere improved significantly compared to the earlier period. Transaction prices varied, but liquidity for different grades of cargoes improved simultaneously. Stable futures prices supported the recovery of market sentiment. Coupled with support from bulk spot transactions, the short-term NPI market maintained a pattern of tiered quotes, recovering transactions, and a rebounding price center.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months

[Yunnan Energy Investment: Company Plans to Invest in the Mugua Ping Wind Farm Project] Yunnan Energy Investment announced that its controlling shareholder, Yunnan Energy Group, was the bid winner for the Fuyuan County Mugua Ping Wind Farm Project under Yunnan Province's third batch of new energy projects in 2025. In accordance with Yunnan Energy Group's overall strategy and the relevant requirements for the development and construction of Yunnan Province's third batch of new energy projects in 2025, the company will actively proceed with the construction of the Fuyuan County Mugua Ping Wind Farm Project. The project is expected to have a total installed capacity of 25 MW and a total construction period of 10 months.

Common.Time.minsAgo

Indonesia MHP Nickel and Cobalt FOB Prices See Mixed Movements on June 16

According to SMM data, on June 16, the FOB price of Indonesia MHP nickel fell by $98/mt Ni from yesterday, and the FOB price of Indonesia MHP cobalt rose by $10/mt Co. The FOB price of Indonesia high-grade nickel matte fell by $99/mt Ni.

Common.Time.minsAgo

1 hour ago

[SMM Analysis] June Nickel Sulphate Market Analysis: Price Under Pressure from Rising Costs and Supply-Demand Mismatch

While upstream MHP payables stayed high, auxiliary material prices such as sulphur and sulphuric acid continued to climb, and downstream ternary production schedules remained at high levels, the performance of battery-grade nickel sulphate prices was not optimistic. SMM believes this was driven by multiple factors, including weakening cost support, front-loaded downstream stockpiling, increased import supplementation, and higher volumes of nickel sulphate converted from refined nickel.

1 hour ago