[NPI Daily Review] End-Users Gradually Accepted High Prices, Resistance on High-Grade NPI Eased

Published: Apr 17, 2026 15:13

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[SMM Daily Comment: End-Users Gradually Accepting High Prices, Resistance on High-Grade NPI Eased] April 17 — The SMM upstream sentiment factor for high-grade NPI was 3, up 0.06 MoM, and the downstream sentiment factor for high-grade NPI was 1.8, up 0.04 MoM.

SMM April 17 News,

April 17 News, the SMM high-grade NPI market sentiment factor was 2.4, up 0.05 MoM, the high-grade NPI upstream sentiment factor was 3, up 0.06 MoM, and the high-grade NPI downstream sentiment factor was 1.8, up 0.04 MoM. Supply side, the HPM new policy continued to ferment, nickel prices rose again, and stainless steel futures also increased notably, with upstream offers generally raised. Demand side, although current demand was not urgent, with both upstream and downstream prices rising in tandem, downstream acceptance of high-grade NPI prices improved. Overall, futures and stainless steel spot prices rose, and the high-grade NPI price center continued to shift upward.

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