SMM Nickel News: High-Grade NPI Prices Surge, Market Shows Dip-Then-Rally Trend

Published: Apr 24, 2026 18:21

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[SMM Nickel News Flash] The average price of SMM 10-12% high-grade NPI rose 7.7 yuan/nickel unit WoW to 1,093.1 yuan/nickel unit (ex-factory, tax included), while the average Indonesian NPI FOB index price rose 1.55 $/nickel unit WoW to 140.06 $/nickel unit. The high-grade NPI market this week exhibited a "dip-then-rally" trend. Market sentiment was weak at the beginning of the week, but with the release of Indonesia's new HPM policy and the continued rise in nickel prices, bullish sentiment quickly recovered, and the price center gradually shifted upward.

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