Nickel Prices Rise as Suppliers Hold Firm, Steel Mills Procure at High Costs Amid Market Divergence

Published: Apr 21, 2026 15:18

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[SMM Nickel Flash] April 21, supply side, upstream suppliers continued to raise their offer prices, with a clear willingness to hold prices firm. Demand side, some steel mills made just-in-time procurement, and a small volume of transactions were concluded at high prices in the market. Overall, divergence between upstream and downstream participants persisted in the market. Supported by rigid supply-demand and cost fundamentals, the price center maintained an upward trend.

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