China's High-Grade NPI Imports Hit New Low in July 2026, Down for Third Consecutive Month

Published: Aug 21, 2026 18:04

Save

[SMM Nickel Flash] According to customs data, China's high-grade NPI imports continued their downward trend in July 2026, declining for the third consecutive month and hitting a new low for the year.

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

27 mins ago

High-Grade NPI Suppliers Reluctant to Lower Prices Amid Market Weakness

[SMM Nickel Flash] This week, most high-grade NPI suppliers showed little willingness to sell at low prices. Meanwhile, some suppliers held expectations for the forward market in September and were unwilling to significantly lower their quotations. However, as the market weakened, the overall center of suppliers’ quotations also shifted down to some extent.

27 mins ago

28 mins ago

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

[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.

28 mins ago

37 mins ago

[SMM Analysis] July Imports Fell to a Year-to-Date Low; High-Grade NPI Cargoes May Be Delayed in Arrivals

[SMM Analysis: July Imports Fell to a Year-to-Date Low; High-Grade NPI Cargoes May Be Delayed in Arrivals] According to customs data, China’s high-grade NPI imports in July 2026 extended the downward trend, falling for the third consecutive month and hitting a year-to-date low.

37 mins ago