SMM Nickel Flash: NPI Market Sentiment Stabilizes, Upstream Improves Downstream Declines Slightly

Published: Aug 7, 2026 15:12

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[SMM Nickel Flash] As of August 7, the SMM high-grade NPI market sentiment index stood at 1.95, flat MoM; the upstream sentiment index for high-grade NPI was 2.06, up 0.02 MoM; and the downstream sentiment index for high-grade NPI was 1.84, down 0.02 MoM. Strengthening futures have driven a certain recovery in market sentiment.

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