SMM High-Grade NPI Market Sentiment Weakens in August Amid Mixed Upstream and Downstream Indicators

Published: Aug 31, 2026 15:04

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[SMM Nickel Flash] On August 31, SMM high-grade NPI market sentiment factor was 1.81, down 0.01 MoM; the high-grade NPI upstream sentiment factor was 1.93, down 0.05 MoM; and the high-grade NPI downstream sentiment factor was 1.7, up 0.03 MoM. The high-grade NPI market continued to weaken today.

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