China's NPI Plant Profits Stable as Raw Material, Smelting Costs Hold Steady

Published: Jul 24, 2026 16:56

Save

[SMM Nickel Flash] Prices of raw and auxiliary materials for smelting in China, such as nickel ore and coal, remained generally stable, and smelting costs were basically flat; coupled with limited fluctuations in spot high-grade NPI prices this week, the production profits of domestic NPI plants remained relatively stable.

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

25 mins ago

[SMM Analysis] Downstream Purchase Willingness Weak; Intermediate Product Payables in the Doldrums This Week

25 mins ago

1 hour ago

Nickel Prices Surge on Indonesia Policy, Geopolitical Tensions, and LME Inventory Declines

1 hour ago

Weak Demand and Bearish Outlook Pressure Nickel Prices, Supply Tightness Limits Declines

[SMM Nickel Flash] Overall this week, off-season end-use demand was weak, and the market's bearish outlook for next month continued to weigh on prices; while tight spot nickel supply and some sellers' holding back from selling limited the depth of price declines.

1 hour ago

Related News

[SMM Analysis] Downstream Purchase Willingness Weak; Intermediate Product Payables in the Doldrums This Week

Jul 24, 2026 17:46

Nickel Prices Surge on Indonesia Policy, Geopolitical Tensions, and LME Inventory Declines

Jul 24, 2026 17:08

Weak Demand and Bearish Outlook Pressure Nickel Prices, Supply Tightness Limits Declines

Jul 24, 2026 16:55

SMM 10-12% High-Grade NPI Price Drops to 1,127.2 Yuan/Unit; Indonesian NPI FOB Index Falls to $145.34/Unit

Jul 24, 2026 16:54