SMM High-Grade NPI Sentiment Dips, Market Activity Sluggish on June 8

Published: Jun 8, 2026 13:25

Save

[SMM Nickel Express] On June 8, SMM high-grade NPI market sentiment factor was 2.44, down 0.01 MoM, the upstream sentiment factor for high-grade NPI was 2.95, flat MoM, and the downstream sentiment factor for high-grade NPI was 1.93, down 0.02 MoM. Today, nickel pig iron market trading activity was mediocre, quotation ranges were wide, and price divergence between buyers and sellers persisted.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

54 mins ago

Data: SHFE, DCE market movement (Jun 08)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 08 Jun , 2026

54 mins ago

3 hours ago

[Lithium Battery: Hanrui Cobalt Plans To Invest In Production Lines For 40,000 Tons Of Battery-Grade Nickel Sulfate]

On June 6, Hanrui Cobalt disclosed that it plans to invest in the construction of the "Annual 40,000-Ton Electrolytic Nickel and 40,000-Ton Battery-Grade Nickel Sulfate Project" in Ganzhou City, Jiangxi Province, through its wholly-owned subsidiary, Ganzhou Hanrui New Energy Technology Co., Ltd. The total investment for the project is 2,002.5278 million yuan, and the project funds will come from the company's own funds or self-raised funds. With the completion and operation of the company's nickel resource smelting base in Indonesia, raw materials for this investment project will in the future be partially supplied directly from the Indonesian base, achieving an ecological闭环 in the nickel industry chain from resources to materials.

3 hours ago

4 hours ago

Indonesian MHP Nickel Price Drops, Cobalt Steady, High-Grade Nickel Matte Falls

According to SMM data, on June 8, the FOB price of Indonesian MHP nickel declined $36/mt Ni from yesterday, while the FOB price of Indonesian MHP cobalt rose $0/mt Co. The FOB price of Indonesian high-grade nickel matte declined $30/mt Ni.

4 hours ago