SMM News, March 27,
March 27 News: SMM's high-grade NPI market sentiment factor was 2.2, down 0.01 MoM; the upstream high-grade NPI sentiment factor was 2.84, down 0.02 MoM; and the downstream high-grade NPI sentiment factor was 1.56, unchanged MoM. Supply side, disruptions from nickel ore-related news persisted, and upstream sellers kept quotations firm on cost support, with a renewed tendency to hold prices firm. Demand side, most stainless steel mills had no procurement demand in the short term, and market transactions remained weak. Overall, the market operated relatively steadily, with no growth in overall trading volume.
![[SMM Analysis] The Pattern of Weak Supply and Demand for Nickel Intermediate Products Continued, with the Coefficient Remaining Stable and Absolute Prices Rising Driven by Higher Nickel Prices](https://imgqn.smm.cn/usercenter/LNpBh20251217171732.jpeg)
![[SMM Analysis] Nickel Prices Fell First and Then Rebounded This Week, While China’s Inventory Edged Up](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
