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NewsFlash / Nickel / Weekly Review: Nickel Down, High-Grade NPI Up; Discount Narrows, Future Trends Diverge
Weekly Review: Nickel Down, High-Grade NPI Up; Discount Narrows, Future Trends Diverge
iconSep 12, 2025 17:19
Source:SMM
[Weekly High-Grade NPI Review] Nickel prices edged lower this week, while high-grade NPI prices continued to rise. The average discount of high-grade NPI to refined nickel narrowed to 261.6 yuan/mt. Refined nickel prices are expected to rise next week amid expectations for US Fed interest rate cuts, while high-grade NPI prices are likely to stabilize, and the average discount of high-grade NPI to refined nickel may widen.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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