Nickel Prices Rebound, but High-Grade NPI Market Struggles with Weak Fundamentals and Low Liquidity
[SMM Nickel Flash] September 3 news: Despite the rebound in nickel prices, the high-grade NPI market finds it difficult to reverse its weak fundamentals, and the market lacks liquidity. Steel mills continue to hold their acceptable price levels at the low end, and a significant price spread remains between upstream offers and steel mills' psychological price levels. The premium for high nickel unit cargoes has narrowed notably, and most institutions still hold a bearish outlook on the forward market.