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Home / Metal News / [Daily Nickel Pig Iron Review] Nickel Prices Hit Limit Up, Market Sentiment High, High-Grade NPI Prices Continue to Rise

[Daily Nickel Pig Iron Review] Nickel Prices Hit Limit Up, Market Sentiment High, High-Grade NPI Prices Continue to Rise

iconJan 7, 2026 14:14
[SMM Daily Review: Nickel Prices Hit Limit Up, Market Sentiment High, High-Grade NPI Prices Continue to Rise] January 7 - The average price of SMM 10-12% high-grade NPI was 947.5 yuan/mtu (ex-factory, tax included), up 12.5 yuan/mtu MoM from the previous working day.

SMM January 7 News,      

      On January 7, the average price of SMM 10-12% high-grade NPI was 947.5 yuan/mtu (ex-factory, tax included), up 12.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.93, up 0.11 MoM; the upstream sentiment factor for high-grade NPI was 1.77, up 0.2 MoM; and the downstream sentiment factor for high-grade NPI was 2.09, up 0.02 MoM. Supply side, futures surged to limit-up, upstream actively held prices firm, and sentiment improved significantly. Demand side, downstream rigid demand restocking combined with arbitrage demand, transaction prices in the high-grade NPI market continued to rise. Overall, driven by futures, high-grade NPI prices continued to rise.

 

 

 

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.

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

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