Nickel Prices Hold Firm Despite Shipment Pressure; Downstream Demand Cautious and Sluggish

Published: May 12, 2026 18:24

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[SMM Nickel Flash] May 12 — On the supply side, supported by costs, the willingness to hold prices firm remained strong, though some enterprises slightly loosened their stance due to shipments pressure. Downstream steel mills maintained a cautious purchasing attitude, restocking primarily based on rigid demand, with notable resistance to high-priced sources, and end-user fear-of-heights sentiment showed no signs of easing. Overall market transactions were sluggish, and the price center declined.

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