Nickel Market Sentiment Soars, Prices Climb Amid Supply-Demand Dynamics

Published: Dec 24, 2025 14:40

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[SMM Nickel Flash] Supply side, market sentiment continues to improve, driven by nickel prices and stainless steel prices, some upstream iron plants are selling at high prices. Demand side, although leading stainless steel mills have no new purchase plans for now, there is some stockpiling demand before the Chinese New Year and early release of post-holiday bullish demand in the market, with some traders actively purchasing, and individual steel mills conducting small-scale restocking for rigid demand, overall price center has moved upward. Overall, market sentiment has significantly improved, upstream players are actively holding prices firm, and high-grade NPI prices continue to rise.

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