Published: Apr 2, 2024 08:12
The Nikkei reported on Monday that Japan, the United States, and the Philippines will announce their cooperation to establish a nickel supply chain after the "US-Japan-Philippines Trilateral Leaders' Summit" held on April 11th.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
1 min ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
1 min ago
[SMM Analysis] Nickel Price Limit-Down Triggers Sell-Off, High-Grade NPI Prices Plunge at Week's Start
10 mins ago
[SMM Analysis] Nickel Price Limit-Down Triggers Sell-Off, High-Grade NPI Prices Plunge at Week's Start
Read More
[SMM Analysis] Nickel Price Limit-Down Triggers Sell-Off, High-Grade NPI Prices Plunge at Week's Start
[SMM Analysis] Nickel Price Limit-Down Triggers Sell-Off, High-Grade NPI Prices Plunge at Week's Start
The average price of SMM 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the average Indonesian NPI FOB index price dropped $2.06/mtu WoW to $131.2/mtu. At the beginning of the week, futures hit limit-down, nickel prices fell sharply WoW, triggering low-priced sales of arbitrage materials in the market and causing a notable decline in high-grade NPI prices.
10 mins ago
High-Grade NPI Prices See Slight Rebound Amid Flat Supply and Low Demand Before Holiday
25 mins ago
High-Grade NPI Prices See Slight Rebound Amid Flat Supply and Low Demand Before Holiday
Read More
High-Grade NPI Prices See Slight Rebound Amid Flat Supply and Low Demand Before Holiday
High-Grade NPI Prices See Slight Rebound Amid Flat Supply and Low Demand Before Holiday
[SMM Nickel Flash] February 6 - Supply side, market offers were basically flat, with the price center showing a slight increase. Demand side, there was no substantial procurement demand before the holiday, but transactions were difficult to conclude at low prices. Overall, high-grade NPI prices saw a slight rebound, and significant fluctuations are unlikely to continue before the holiday.
25 mins ago