SMM Nickel Flash: March NPI Sentiment Factors Decline Month-on-Month

Published: Mar 30, 2026 14:21
[SMM Nickel Flash] March 30 News: The SMM high-grade NPI market sentiment factor was 2.18, down 0.02 MoM; the upstream high-grade NPI sentiment factor was 2.83, down 0.01 MoM; and the downstream high-grade NPI sentiment factor was 1.54, down 0.02 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
Indonesia Considers Export Tariffs on Processed Nickel to Boost Revenue Amid Global Uncertainties
4 mins ago
Indonesia Considers Export Tariffs on Processed Nickel to Boost Revenue Amid Global Uncertainties
Read More
Indonesia Considers Export Tariffs on Processed Nickel to Boost Revenue Amid Global Uncertainties
Indonesia Considers Export Tariffs on Processed Nickel to Boost Revenue Amid Global Uncertainties
[SMM Nickel Flash] According to a CNBC Indonesia report on March 27, Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia revealed that the government was studying the imposition of export tariffs on processed nickel products, particularly NPI, to address global uncertainties and increase state fiscal revenue. At present, the Indonesian government was still calculating the applicable formula, plan, and tariff rate level for the NPI export tax.
4 mins ago
Data: SHFE, DCE market movement (Mar 30)
32 mins ago
Data: SHFE, DCE market movement (Mar 30)
Read More
Data: SHFE, DCE market movement (Mar 30)
Data: SHFE, DCE market movement (Mar 30)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 30 Mar , 2026
32 mins ago
[SMM Stainless Steel Flash] Shandong Xingyi 1.05B Yuan Precision Cold Rolling Project to Start Production in October
57 mins ago
[SMM Stainless Steel Flash] Shandong Xingyi 1.05B Yuan Precision Cold Rolling Project to Start Production in October
Read More
[SMM Stainless Steel Flash] Shandong Xingyi 1.05B Yuan Precision Cold Rolling Project to Start Production in October
[SMM Stainless Steel Flash] Shandong Xingyi 1.05B Yuan Precision Cold Rolling Project to Start Production in October
Shandong Xingyi Metallurgical Equipment Co., Ltd. is moving forward with its high-speed precision cold rolling mill manufacturing project in Guan County, Liaocheng. With a total investment of 1.05 billion yuan, the facility features three interconnected stainless steel workshops designed for fully integrated, end-to-end production of cold rolling equipment. Having broken ground in June 2025, the project has completed its foundation work and is on track for an October 2026 launch. Once operational, it will produce 30 sets of cold rolling equipment annually, filling a key gap in the region’s high-end machinery manufacturing sector.
57 mins ago