[NPI Daily Review] Multi-grade Bulk Deals Concluded, NPI Prices Strengthen in Tiers

Published: Jun 16, 2026 14:19

Save

[SMM Daily Review: Multi-Grade Batch Deals Conclude, Nickel Iron Prices Strengthen in Tiers] June 15 news: SMM high-grade NPI upstream sentiment factor was 2.75, up 0.01 MoM, while the high-grade NPI downstream sentiment factor was 1.87, up 0.03 MoM.

SMM June 16 news report,

June 16 news report, SMM high-grade NPI market sentiment factor was 2.31, up 0.02 MoM, high-grade NPI upstream sentiment factor was 2.75, up 0.01 MoM, high-grade NPI downstream sentiment factor was 1.87, up 0.03 MoM. Futures prices stopped falling in the previous session, driving an improvement in market sentiment. NPI market transaction volume surged, with actual deals concluded for various grades of cargoes. The market transaction atmosphere improved significantly compared to the earlier period. Transaction prices varied, but liquidity for different grades of cargoes improved simultaneously. Stable futures prices supported the recovery of market sentiment. Coupled with support from bulk spot transactions, the short-term NPI market maintained a pattern of tiered quotes, recovering transactions, and a rebounding price center.

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 for 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

1 hour ago

Data: SHFE, DCE market movement (Jun 29)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 29 Jun , 2026

1 hour ago

2 hours ago

SMM Nickel Flash: NPI Market Shows Divergent Pattern, Suppliers Hold Firm Amid Intense Bargaining

[SMM Nickel Flash] On June 29, the SMM high-grade NPI market sentiment factor stood at 2.09, down 0.03 MoM. The high-grade NPI upstream sentiment factor was 2.4, down 0.04 MoM, and the high-grade NPI downstream sentiment factor came in at 1.77, down 0.02 MoM. That day, the NPI market exhibited a divergent pattern: suppliers held prices firm with high offers, downstream buyers pushed for significantly lower prices, and low-grade NPI cargoes traded at deep discounts. Tight circulation of port spot cargoes supported suppliers' quotes, but alternative raw materials continued to divert rigid demand, resulting in intense bargaining.

2 hours ago

[NPI Daily Review] Steel Scrap and Refined Nickel Cost-Effectiveness Prevails; NPI Procurement Demand Weakens

[SMM Daily Review: Steel Scrap and Refined Nickel Have Cost-Effectiveness Advantage; Ferronickel Purchasing Demand Weak] On June 29, SMM high-grade NPI upstream sentiment factor was 2.4, down 0.04 MoM, and high-grade NPI downstream sentiment factor was 1.77, down 0.02 MoM.

2 hours ago