High-Grade NPI Spot Market Weakens, Price Center Declines Amid Upstream-Downstream Disparity

Published: Aug 25, 2026 15:24

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[SMM Nickel Flash] August 25 News, trading in the high-grade NPI spot market continued to weaken, the market price center further declined, and the divergence between upstream and downstream remained prominent. Some supply-side enterprises still maintained relatively high offer prices, but resistance to high-priced shipments increased significantly. Low-priced resources continued to emerge in the market, and futures cargoes also showed bearish pricing.

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