Nickel Market Sees Limited Spot Trading, High-Grade NPI Prices Hold Firm Amid Uncertainty
[SMM Nickel Flash] July 15 – Currently, most merchants, affected by the uncertain future market direction, are only trading fixed premiums driven by expectations of tight forward supply, without offering fixed-price quotes. In the short term, the market is still expected to see few large spot order transactions, while spot high-grade NPI prices have limited downside.