SMM Nickel Flash: NPI Market Sentiment Weakens, Futures Decline Continues

Published: Jun 11, 2026 11:56

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[SMM Nickel Flash] Jun 10 – SMM’s high-grade NPI market sentiment factor stood at 2.33, down 0.06 MoM. The upstream sentiment factor for high-grade NPI was 2.81, down 0.07 MoM, and the downstream sentiment factor was 1.85, down 0.04 MoM. The NPI market as a whole sustained a weak pattern that day. Futures kept declining, continuously weighing on spot sentiment. The price center shifted further lower, and the divergence between bullish and bearish views in the market intensified.

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