Nickel Prices and Stainless Steel Futures Rise as HPM Policy Ferments, Boosting High-Grade NPI Acceptance

Published: Apr 17, 2026 15:45

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[SMM Nickel News] April 17, supply side, the HPM new policy continued to ferment, nickel prices rose again, while stainless steel futures also increased notably, with upstream quotes generally raised. Demand side, although current demand was not urgent, with prices rising consistently across the supply chain, downstream acceptance of high-grade NPI prices improved. Overall, futures and stainless steel spot prices rose, and the price center of high-grade NPI continued to shift upward.

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