SMM High-Grade NPI Market Sentiment Dips in July, Spot Transactions Sluggish Amid Premium Disputes
[SMM Nickel Flash] July 27 – SMM high-grade NPI market sentiment factor stood at 2, down 0.03 MoM. The high-grade NPI upstream sentiment factor was 2.03, down 0.06 MoM, while the downstream sentiment factor was 1.97, flat MoM. Today, the high-grade NPI spot market remained in a stalemate, with spot transactions sluggish, fixed-price firm orders scarce, and trading mostly revolving around average price plus premiums. Disagreement between upstream and downstream over the premium magnitude persisted.