High-Grade NPI Transactions Sluggish, Market Sees Volatility Amid Resource Tightness and Weak Demand

Published: Jun 5, 2026 14:26

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[SMM Nickel Flash] June 5 news: In actual high-grade NPI transactions, the entire week lacked representative orders, with quotes for some supplies seeing slight declines and regular-grade quotes mostly uncertain, accompanied by sluggish trading. Overall, high-grade resource tightness drove structural premiums, but weak end-use demand and the impact of substitute raw materials suppressed market-wide transactions. In the short term, NPI maintained an overall stalemate and volatile pattern.

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