SMM Nickel: High-Grade NPI Prices Rise in China, Fall in Indonesia Amid Weak Market Sentiment

Published: Jun 26, 2026 16:43

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[SMM Nickel Express] The SMM 10-12% high-grade NPI average price rose WoW by 0.87 yuan/nickel unit to 1,147 yuan/nickel unit (ex-factory, tax included), while the Indonesia NPI FOB Index average price fell WoW by 0.06 $/nickel unit to 147 $/nickel unit. This week, the high-grade NPI market was overall in the doldrums, with futures continuing to weaken and dragging on market sentiment, the resilience in holding prices firm for spot cargoes gradually fading, the tug-of-war between longs and shorts being intense, the buying-selling price spread widening, and overall trading extremely sluggish.

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