High-Grade NPI Market Shows Mixed Sentiment Amid Price Divergences and Rising Freight Costs

Published: Aug 11, 2026 14:34

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[SMM Nickel Flash] August 11 news: The high-grade NPI market is currently seeing both bullish and bearish divergences, with some participants bearish on the outlook and believing there is downside room for prices. Some low-price transactions have also occurred domestically in China. Meanwhile, quotes for Indonesian-origin material show a price spread compared to Chinese domestic sources, and rising ocean freight rates are driving up the cost of imported material.

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