Nickel Market Stable as Suppliers Hold Firm, Demand for High-Nickel Materials Persists Amid Weak Futures

Published: Apr 23, 2026 15:45

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[SMM Nickel Flash] April 23 — Supply side, upstream suppliers maintained a firm pricing sentiment, with most suppliers holding quotes flat on the day. Demand side, futures weakened somewhat during the session, and steel mills currently showed weak purchasing sentiment, but demand for high nickel unit materials persisted. Overall, the market remained stable, with high nickel unit sources staying in short supply and maintaining high premiums.

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