[NPI Daily Review] Multiple Factors Drove Notably Active Market, High-Grade NPI Prices Edged Up

Published: Apr 16, 2026 14:23

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[SMM Daily Comment: Multiple Factors Drove Notably Active Market, High-Grade NPI Prices Edged Up] April 16 — The SMM high-grade NPI upstream sentiment factor was 2.9, up 0.06 MoM, and the high-grade NPI downstream sentiment factor was 1.56, up 0.04 MoM.

SMM April 16 News,

April 16 News, the SMM high-grade NPI market sentiment factor was 2.35, up 0.12 MoM, the high-grade NPI upstream sentiment factor was 2.94, up 0.04 MoM, and the high-grade NPI downstream sentiment factor was 1.76, up 0.2 MoM. Supply side, upstream producers continued to hold prices firm, and overall market quotations were active. Demand side, as nickel prices and stainless steel prices rose, steel scrap prices also saw some increases, and some steel mills restocked high-grade NPI, leading to increased trading volume in the market. Overall, both market activity and trading volume of high-grade NPI grew notably, and the price center continued to edge higher.

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