SMM: High-Grade NPI Prices and Sentiment Stable, Downstream Factor Dips Slightly

Published: Feb 9, 2026 16:45

Save

[SMM Nickel Flash] On February 9, SMM reported that the average price of 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.03, down 0.03 MoM; the upstream sentiment factor for high-grade NPI was 2.8, down 0.04 MoM; the downstream sentiment factor for high-grade NPI was 1.25, down 0.03 MoM.

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 to learn 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

Trump's Fed Chair Nominee Could Boost Economy to 15% Growth, He Claims

Trump stated that his nominee for Fed Chairman could stimulate the economy to grow at a rate of 15%.

Common.Time.minsAgo

US Treasury Secretary Doubts Quick Fed Action on Balance Sheet Under Warsh Leadership

US Treasury Secretary Besant stated that even under the leadership of US Fed Chairman nominee Kevin Warsh, he did not believe the central bank would quickly take action to reduce its balance sheet. The US Fed might need up to a year to make decisions regarding its balance sheet.

Common.Time.minsAgo

China's Gold Reserves Rise for 15th Month, Reaching 74.19 Million Ounces in January 2026

The central bank released data showing that China's gold reserves stood at 74.19 million ounces at the end of January 2026, compared to 74.15 million ounces at the end of December 2025, marking the 15th consecutive month of increase in gold holdings.

Common.Time.minsAgo