The high-grade NPI market saw active transactions, with prices expected to remain stable in the short term. [NPI Daily Review]

Published: Apr 1, 2025 18:03

Save

SMM Daily Review: High-Grade NPI Market Transactions Are Relatively Active, Short-Term Market Prices Remain Stable. On April 1, the average price of SMM 8-12% high-grade NPI was 1,030.5 yuan/mtu (ex-factory, tax included), an increase of 1 yuan/mtu compared to the previous working day.

SMM reported on April 1 that the average price of 8-12% high-grade NPI was 1,030.5 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous working day. Supply side, domestically, the replenishment of nickel ore from the Philippines remains weak, smelter profits have slightly recovered, and production growth is limited. In Indonesia, the release of nickel mines still requires time to materialize, with current premiums at highs. Although there is new ramp-up production, capacity release is relatively limited, and the supply of NPI in Indonesia has slightly increased. Demand side, stainless steel production continues to fluctuate at highs, and the demand for high-grade NPI is optimistic. Coupled with the current tight market circulation, the transaction price range of NPI is relatively concentrated. Recently, transactions have been active, and the price range is within the mainstream market range. In the short term, the price of high-grade NPI is expected to remain stable. 》Order to view SMM metal spot historical prices

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

15 mins ago

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.

15 mins ago

20 mins ago

SMM High-Grade NPI Price Rises to 1,040 Yuan/mtu on Feb 6, Market Sentiment Slightly Down

[SMM Nickel Flash] On February 6, the SMM average price for 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.06, down 0.04 MoM; the upstream sentiment factor for high-grade NPI was 2.84, down 0.07 MoM; and the downstream sentiment factor for high-grade NPI was 1.28, flat MoM.

20 mins ago

23 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

23 hours ago