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

Published: Jun 16, 2026 14:19

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[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.

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