SMM Nickel Flash: High-Grade NPI Prices Drop, Market Activity Remains Low

Published: Aug 21, 2026 18:01

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[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI fell by 5.6 yuan/nickel unit WoW to 1,127.4 yuan/nickel unit (ex-factory, tax included), and the average price of the Indonesia NPI FOB index fell by 0.61 $/nickel unit WoW to 145.91 $/nickel unit. Trading in the high-grade NPI spot market remained mediocre this week, with insufficient market activity, and the market maintained a game-playing pattern under pressure.

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