Narrowing Price Spread Between High- and Low-Grade NPI as Nickel Prices Decline

Published: Jul 3, 2026 14:28

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[SMM Nickel Flash] July 3 – According to SMM, the price spread between different NPI grades has been restored currently. With the continued decline in nickel prices, the cost-effectiveness disadvantage of high-grade NPI material has become prominent, steel mills' procurement preferences have shifted, and the acceptance of high-nickel-unit material has continued to decline, leading to a narrowing of the price spread between high- and low-grade materials.

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