SMM High-Grade NPI Sentiment Rises, Driven by Concentrated Downstream Buying and Price Increases

Published: Jun 17, 2026 16:24

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[SMM Nickel Flash] June 17 news, SMM high-grade NPI market sentiment indicator was 2.33, up 0.02 MoM; upstream sentiment indicator for high-grade NPI was 2.77, up 0.02 MoM; downstream sentiment indicator for high-grade NPI was 1.9, up 0.03 MoM. The NPI market was driven by concentrated downstream buying, with overall prices continuing to rise, all-grade supply strengthening in tandem, and the market fluctuating upward.

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