[SMM Analysis]NPI Prices Slump as Futures Decline and Demand Weakens; Market Sees Limited Transactions
The average price of SMM 10-12% high-grade NPI fell WoW by 13.3 yuan/nickel unit to 1,133.7 yuan/nickel unit (ex-factory, tax included), and the average price of the Indonesian NPI FOB index fell WoW by $0.31/nickel unit to $146.69/nickel unit. This week, the high-grade NPI market remained in the doldrums under a supply-demand tug-of-war and persistently sluggish trading, with prices under pressure overall.