[SMM Daily Review: Price Center of High-grade NPI Continues to Rise, but Market Wait-and-See Sentiment Remains Strong] On July 25, the average price of SMM 8-12% high-grade NPI was 910 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day...

[SMM Daily Review: Price Center of High-grade NPI Continues to Rise, but Market Wait-and-See Sentiment Remains Strong] On July 25, the average price of SMM 8-12% high-grade NPI was 910 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day...

This week, the nickel market exhibited a notable feature of "divergence between macro expectations and fundamentals." Domestic policies aimed at combating "rat race" competition provided a temporary boost to market sentiment. The most-traded SHFE nickel contract opened at 120,330 yuan/mt at the beginning of the week and closed at 124,360 yuan/mt on Friday, marking a weekly increase of 3.35%. LME nickel was last quoted at $15,520/mt, with a weekly gain of 1.80%.

Nickel ore prices in the Philippines continue to decline, with NPI smelters still facing losses Indonesia's local saprolite ore prices are falling, and there is still downside room. Mines are actively shipping goods

As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) ranges from 83.5% to 84%, and the FOB price of Indonesian MHP is $12,695/mt Ni.

Affected by the rise in nickel prices, the prices of nickel intermediate products have increased.

As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) ranges from 83.5% to 84%, and the FOB price of Indonesian MHP is $12,606/mt Ni.

[SMM Daily Review: Market inquiry activity increases, market sentiment for high-grade NPI recovers slightly] On July 24th, the average price of SMM 8-12% high-grade NPI was 909 yuan/mtu (ex-factory, tax included), up 1.5 yuan/mtu from the previous working day...