SMM High-Grade NPI Price Rises 21.1 Yuan/Nickel Unit WoW, Trading Volume Increases as Mills Resume Operations

Published: Mar 6, 2026 18:13

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[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI rose WoW by 21.1 yuan/nickel unit to 1,092.6 yuan/nickel unit (ex-factory, tax included). The average price of the Indonesia NPI FOB Index rose WoW by $2.22/nickel unit to $138.54/nickel unit. As the festive atmosphere gradually faded, downstream steel mills resumed operations one after another, and high-grade NPI trading volume gradually increased.

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