SMM Nickel Flash: August High-Grade NPI Sentiment Index Declines Amid Futures Slump

Published: Aug 6, 2026 14:03

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[SMM Nickel Flash] August 6 – SMM's high-grade NPI market sentiment index stood at 1.95, down 0.05 MoM; the high-grade NPI upstream sentiment index was 2.04, down 0.05 MoM; and the high-grade NPI downstream sentiment index was 1.86, down 0.05 MoM. A sharp slump in futures directly dampened confidence in the spot market.

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