SMM: High-Grade NPI Prices and Sentiment Stable, Downstream Factor Dips Slightly

Published: Feb 9, 2026 16:45

Save

[SMM Nickel Flash] On February 9, SMM reported that the average price of 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.03, down 0.03 MoM; the upstream sentiment factor for high-grade NPI was 2.8, down 0.04 MoM; the downstream sentiment factor for high-grade NPI was 1.25, down 0.03 MoM.

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

1 min ago

【SMM Nickel News】

On February 10, the SMM #1 refined nickel price was 133,400–144,500 yuan/mt, with an average price of 138,950 yuan/mt, down 500 yuan/mt from the previous trading day. The mainstream spot premium quotation range for Jinchuan #1 refined nickel was 9,500–10,200 yuan/mt, with an average premium of 9,850 yuan/mt, up 350 yuan/mt from the previous trading day. The spot premium/discount quotation range for mainstream domestic brands of electrodeposited nickel was -400–400 yuan/mt.

1 min ago

China's Stock Exchanges Optimize Refinancing for High-Quality Listed Firms

In further supporting the high-quality development and innovation of publicly listed firms, the Shanghai, Shenzhen, and Beijing Stock Exchanges have clarified that for high-quality listed companies with standardized operations, governance, and information disclosure, as well as representativeness and market recognition, the refinancing review process will be optimized to further enhance refinancing efficiency.

1 min ago

Common.Time.hoursAgo

Easpring and ProLogium Sign Strategic Cooperation for Solid-State Batteries and New Energy Ventures

Easpring Technology (300073.SZ) announced that the company and ProLogium Technology signed the "Strategic Cooperation Framework Agreement" on February 6. The two parties intend to strengthen cooperation in the fields of solid-state batteries and the new energy industry, fully leverage their respective technical advantages, and establish a comprehensive strategic partnership in areas such as equity investment, cooperation on battery materials, mass production, and supply.

Common.Time.hoursAgo