High-Grade NPI Market Sees Reduced Transactions, 304 Steel Scrap Prices Drop Amid Downstream Pressure

Published: Aug 21, 2026 15:14

Save

[SMM Nickel Flash] On August 21, lump-sum transactions in the high-grade NPI market further faded, with market transactions mainly negotiated based on the average price. Pressure on the downstream side continued to intensify, and the price of 304 steel scrap also declined in tandem, further capping the procurement ceiling for NPI.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

45 mins ago

SMM High-Grade NPI Sentiment Factors Drop Across Upstream, Downstream on August 21

[SMM Nickel Flash] August 21 News, SMM high-grade NPI market sentiment factor was 1.84, down 0.02 DoD; high-grade NPI upstream sentiment factor was 1.98, down 0.01 DoD; high-grade NPI downstream sentiment factor was 1.70, down 0.03 DoD.

45 mins ago

2 hours ago

[SMM Analysis] Canada Sulphur and Sulphuric Acid Import and Export Data for June

In June 2026, Canada's total monthly sulphur exports were 527,305 mt, down 15.43% MoM and 8.62% YoY, with major export destinations being Indonesia (198,612 mt), the US (158,031 mt), Chile (54,672 mt), Guinea (41,272 mt), and China (32,730 mt), among others; Canada's total monthly sulphur imports were 1,035 mt, down 20.08% MoM and up 3.19% YoY, with major importing countries being the US (912 mt) and China (105 mt), among others;

2 hours ago

Indonesia MHP Nickel and Cobalt FOB Prices Drop, High-Grade Nickel Matte Also Falls

According to SMM data, on August 21, the Indonesia MHP nickel FOB price fell by $6/mt Ni from yesterday, and Indonesia MHP cobalt FOB price fell by $490/mt Co. Indonesia high-grade nickel matte FOB price fell by $6/mt Ni.

2 hours ago