SMM High-Grade NPI Market Sentiment Rises in March, Upstream Stable, Downstream Improves

Published: Mar 2, 2026 12:02

Save

[SMM High-Grade NPI] On March 2, the SMM high-grade NPI market sentiment factor was 2.07, up 0.04 MoM, the upstream sentiment factor for high-grade NPI was 2.85, unchanged MoM, and the downstream sentiment factor for high-grade NPI was 1.28, up 0.06 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

18 mins ago

Shaanxi Jutai to Launch 30,000 mt Nickel Plate Production Line in Zhejiang by March 2026

Recently, Shaanxi Jutai New Materials Technology Co., Ltd. announced that its 30,000 mt annual nickel plate production line located at the Zhoushan base in Zhejiang has entered the final commissioning phase and will officially commence production in March 2026. It is understood that the nickel plate project to be launched mainly produces high-purity electrodeposited nickel plates, which will be widely used in the manufacturing fields of alloys and electroplating.

18 mins ago

19 mins ago

CPC Central Committee Discusses Draft of 15th Five-Year Plan and Government Work Report

The Political Bureau of the CPC Central Committee convened a meeting to discuss the draft outline of the 15th Five-Year Plan and the government work report.

19 mins ago

20 mins ago

[SMM Nickel News]

On March 2, the SMM #1 refined nickel price fell by 1,150 yuan/mt from the previous trading day. In terms of spot premiums and discounts, the average for Jinchuan #1 refined nickel was 7,150 yuan/mt, down 700 yuan/mt from the previous trading day; the range for major domestic brands of electrodeposited nickel was -700-300 yuan/mt, showing a decline.

20 mins ago