High-Nickel Products Decline, Market Shows Divergence Amid Weak Purchasing Sentiment

Published: Jul 2, 2026 18:35

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[SMM Nickel Flash] July 2 news: High-nickel products saw more significant declines, but market quotations showed increased divergence, with some suppliers still holding firm on prices and their sentiment of holding prices firm remaining strong. The purchasing side exhibited a strong wait-and-see sentiment, with weak purchase willingness and steel mills' expectations to push for lower prices continuing to intensify. Overall trading was sluggish, with only sporadic small orders circulating, and the market lacked centralized transaction guidance.

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