【SMM Flash News】SMM reported on April 21 that the price range of SMM

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NewsFlash / Nickel / SMM Flash News: High-Grade NPI Prices Decline Slightly on April 21

SMM Flash News: High-Grade NPI Prices Decline Slightly on April 21

Apr 21, 2025 11:07

Source:SMM

【SMM Flash News】SMM reported on April 21 that the price range of SMM 10-12% high-grade NPI (ex-factory price) was 982-987 yuan/mtu, with the average price down 1.5 yuan/mtu from the previous working day, and a premium of 5 yuan/mtu over SMM 8-10% high-grade NPI (ex-factory price). The price range of SMM 10-12% Indonesian high-grade NPI (arrival price including tax) was 982-989 yuan/mtu, with the average price down 1.5 yuan/mtu from the previous working day, and a discount of 5.5 yuan/mtu compared to SMM 12-14% Indonesian high-grade NPI (arrival price including tax). The SMM high-grade NPI index was quoted at 986.97 yuan/mtu on the day, down 1.3 yuan/mtu from the previous working day, a decrease of 0.13% MoM. The SMM low-carbon high-grade NPI index was quoted at 995.3 yuan/mtu on the day, down 1.3 yuan/mtu from the previous working day.

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Nickel prices continued to fluctuate this week, with inventory remaining at a high level. Nickel prices maintained the fluctuation pattern since mid-April, with the average price of SMM1# refined nickel at 126,850 yuan/mt, up 0.5% WoW. Inventory-wise, the Shanghai Bonded Zone inventory stood at around 5,800 mt, flat WoW, while the domestic social inventory was approximately 44,700 mt, with an inventory buildup of about 701 mt WoW. The high inventory level continues to suppress the upside room for nickel prices to some extent.

Apr 25, 2025 17:40

Selected News

【SMM Analysis】Weekly Review of Indonesian Nickel Market-4.25

NICKEL ORE Indonesian ore prices remained stable with a slight upward trend in pyrometallurgy, while hydrometallurgical ore prices may experience a downward adjustment. High-Grade NPI The supply-demand imbalance of high-grade NPI may emerge, and prices are likely to remain in the doldrums.

Apr 25, 2025 17:19

Analysis Industry

Weekly Review of the Nickel Ore Market: Indonesian Ore and Pyrometallurgical Ore Remain Stable with a Slight Upward Trend, While Hydrometallurgical Ore Prices May Face a Decline

Indonesian ore used for pyrometallurgy remained stable with a slight upward trend, while the price of ore used for hydrometallurgy may experience a downward adjustment.

Apr 25, 2025 17:06

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SMM Refined Nickel Inventory: Social Inventory of Refined Nickel in Six Regions on April 25

Apr 25, 2025 16:49

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LME Metal Inventory and Cancelled Warrants Data on April 25

Apr 25, 2025 16:34

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Data: SHFE, DCE market movement (Apr 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 25 Apr, 2025

Apr 25, 2025 16:06

Analysis

Data: SHFE, DCE market movement (Apr 25)

Market Trends and Challenges for High-Nickel Pig Iron: Price Declines and Influencing Factors

his week, the average price of SMM 8-12% high-nickel pig iron (NPI) was 974.7 yuan per nickel point (tax included, ex-factory), down 14.2 yuan per nickel point from last week. The FOB price in Indonesia was $116.6 per nickel point, down $1.77 per nickel point from last week, indicating a continued downward shift in high-nickel pig iron prices.

Apr 25, 2025 16:04

Analysis

Market Trends and Challenges for High-Nickel Pig Iron: Price Declines and Influencing Factors

The stainless steel market showed further weakness, and the price of high-grade NPI may remain in the doldrums in the short term. [NPI Daily Review]

SMM Daily Review: Stainless Steel Market Shows Further Weakness, Short-Term High-Grade NPI Prices May Be in the Doldrums. April 25th, the average price of SMM 8-12% high-grade NPI was 969 yuan/mtu (ex-factory, tax included), down 2 yuan/mtu from the previous working day.

Apr 25, 2025 15:57

Selected News

【SMM Nickel Sulphate Daily Review】April 25, Nickel Sulphate Prices Remained Stable

On April 25, the SMM battery-grade nickel sulphate index price was 27,813 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,820-28,340 yuan/mt, and the average price remained stable compared to the previous day.

Apr 25, 2025 14:40

Selected News

【SMM MHP Daily Review】April 25th, Indonesian MHP Prices Rebounded

Recently, due to the continuous rise in futures prices and the increase in the MHP coefficient, as of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) stands at 84%-85%, and the FOB price of Indonesian MHP is $12,634/mt (Ni contained).

Apr 25, 2025 14:39

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