High-Grade NPI Market Stalemate Continues, Spot Trading Sluggish Amid Disruptions

Published: Jul 28, 2026 14:42

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[SMM Nickel Express] July 28 news: The high-grade NPI spot market continued its stalemate game pattern, with overall trading mediocre and actual transaction deals scarce. The price spread divergence between upstream and downstream persisted, and the market showed a divergent feature of weak spot and strong forward. Some cargoes were affected by disruptions, leading to shipment delays, which slowed down the release pace of spot circulation in the short term, providing phased support for spot prices.

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