[SMM Nickel Flash] High-Grade NPI Prices Drop in China, Rise in Indonesia as Steel Mills Slow Procurement

Published: Aug 14, 2026 17:59

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[SMM Nickel Flash] Currently, mainstream steel mills have largely completed their peak-season stockpiling, and their overall procurement pace has slowed. Only a small number of enterprises have restocking demand. Downstream purchasing sentiment is generally cautious, and there is a notable price spread between steel mills’ acceptable prices and suppliers’ quotes. Acceptance of high-priced cargoes of high-grade NPI remains limited. As futures decline, steel mills’ procurement interest is weakening further.

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