[SMM Flash News] As of May 22, SMM reported that the price range for

Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Steel Billet Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

NewsFlash / Nickel / SMM Flash News: High-Grade NPI Prices Rise on May 22

SMM Flash News: High-Grade NPI Prices Rise on May 22

May 22, 2025 11:15

Source:SMM

[SMM Flash News] As of May 22, SMM reported that the price range for SMM 10-12% high-grade NPI (ex-factory) was 940-958 yuan/mtu, with the average price rising by 2.5 yuan/mtu from the previous working day, and trading at a premium of 1 yuan/mtu over SMM 8-10% high-grade NPI (ex-factory). The price range for SMM 10-12% Indonesian high-grade NPI (CIF, tax included) was 940-960 yuan/mtu, with the average price rising by 2.5 yuan/mtu from the previous working day, and trading at a discount of 3.5 yuan/mtu compared to SMM 12-14% Indonesian high-grade NPI (CIF, tax included). The SMM high-grade NPI index was quoted at 953.38 yuan/mtu on the day, up 2.62 yuan/mtu from the previous working day, representing a 0.28% increase WoW. The SMM low-carbon high-grade NPI index was quoted at 960.6 yuan/mtu on the day, up 2.6 yuan/mtu from the previous working day.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

May 23, 2025 11:39

Selected News

Nickel salt smelter's production costs decline, precursor plant's inquiry activity increases [SMM Nickel Morning Meeting Summary]

[5.23 Morning Meeting Minutes] Cost side, LME nickel has returned to fundamentals and is in the doldrums, leading to a slight decline in the production costs of nickel salt smelters. Demand side, the overall demand for nickel salt in June is expected to strengthen. Recently, the activity of precursor plants inquiring about nickel salt prices has significantly increased, and their purchase willingness has strengthened. Supply side, some nickel salt smelters have maintained stable quotes, while others have raised their quote coefficients due to increased demand and limited raw material inventory.

May 23, 2025 09:31

Selected News

The market transaction atmosphere has warmed up, and the price of high-grade NPI has stabilized and risen [Daily Review of NPI]

[SMM Daily Review: Market Transaction Atmosphere Warms Up, High-Grade NPI Prices Stabilize and Rise] On May 22, the average price of SMM 8-12% high-grade NPI was 949 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu from the previous working day...

May 22, 2025 17:54

Selected News

[SMM Analysis] Downstream demand picks up, nickel salt prices rise

Downstream demand picks up, nickel salt prices rise

May 22, 2025 17:03

Selected News

[SMM MHP Daily Review] May 22, MHP prices in Indonesia slightly declined

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 $12,768/mt Ni.

May 22, 2025 13:59

Selected News

[SMM Daily Review of Nickel Sulphate] May 22, nickel salt prices remained stable

On May 22, the SMM index price for battery-grade nickel sulphate was 27,791 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,760-28,270 yuan/mt, and the average price remained stable compared to yesterday.

May 22, 2025 13:56

Selected News

[SMM Nickel Midday Review] Nickel prices changed relatively small on May 22, with the 20-year U.S. Treasury bond auction being the worst in five years

May 22, 2025 11:32

Selected News

Stainless steel prices hit a recent low, while high-grade NPI prices stopped falling and began to rebound [SMM Nickel Morning Meeting Summary]

[5.22 Morning Meeting Minutes] Currently, the premium for Indonesia's local pyrometallurgy saprolite ore remains relatively firm. With finished product prices having fallen below the cost line, some high-cost production lines have been affected by losses, leading to a reduction in production load. It is expected that overall production will slightly decline. Demand side, stainless steel prices have been bolstered by the easing of tariff policies, with prices stabilizing and rising. However, the overall transaction situation has not significantly improved. Mainstream steel mills' intended purchase prices for raw materials have stabilized, and some traders have shown willingness to stockpile, with purchase prices rising slightly compared to the previous period.

May 22, 2025 09:19

Selected News

LME copper rises, boosted by the weakening US dollar

May 21, 2025 18:39

Selected News

[SMM MHP Daily Review] May 21, Indonesian MHP prices slightly declined

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 $12,778/mt Ni.

May 21, 2025 15:13

Selected News

SMM Events & Webinars

All

May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
Jun
03
- Indonesia Critical Minerals Conference & Expo 2025
  Jun 03 - 05,2025
  Indonesia, with its unique natural resource reserves, has attracted widespread attention from companies worldwide.
  JAKARTA, INDONESIA · Pullman Jakarta Central Park
Jun
12
- 2025 (2nd) Global Renewable Metal Industry Chain Summit
  Jun 12 - 13,2025
  2025 SMM Global Recycling Metals Industry Summit will take place on June 12–13, 2025, in Thailand
  Bangkok, Thailand·Hyatt Regency Bangkok Suvarnabhumi Airport

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

Indonesia Critical Minerals Conference & Expo 2025

2025 (2nd) Global Renewable Metal Industry Chain Summit