SMM High-Grade NPI Market Sentiment Rises, Futures Rebound Boosts Spot Trades

Published: Jun 12, 2026 23:17

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[SMM Nickel Flash] June 12 - SMM high-grade NPI market sentiment factor was 2.28, up 0.02 MoM; the upstream sentiment factor for high-grade NPI was 2.73, up 0.01 MoM; and the downstream sentiment factor was 1.82, up 0.01 MoM. The rebound in futures today drove a slight recovery in market sentiment, with spot trades of NPI showing a periodical recovery, increased transactions in the market, and differentiated prices across regions and grades.

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