SMM High-Grade NPI Price Rises to 1,037.5 Yuan/mtu, Market Sentiment Improves

Published: Feb 5, 2026 14:46

Save

[SMM Nickel Flash] February 5 - SMM's average price for 10-12% high-grade NPI was 1,037.5 yuan/mtu (ex-factory, tax included), up 7.5 yuan/mtu from the previous working day. The market sentiment factor for high-grade NPI was 2.10, up 0.03 MoM; the upstream sentiment factor was 2.91, up 0.12 MoM; and the downstream sentiment factor was 1.28, down 0.07 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

46 mins ago

[SMM Analysis] Ternary Precursor Market Enters Traditional Off-Season in February

Currently, it appears that payables—whether for long-term contracts or spot contracts—are not expected to change significantly before the holiday, remaining largely consistent with January levels.

46 mins ago

55 mins ago

[SMM Analysis] NCM Manufacturers Still Hold a "Buy on the Rise, Not on the Decline" Mentality

Although raw material prices are currently at a relatively low stage, market sentiment has not improved significantly.

55 mins ago

58 mins ago

Data: SHFE, DCE market movement (Feb 05)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 05 Feb , 2026

58 mins ago