SMM 10-12% High-Grade NPI Price Drops to 1,133.7 Yuan/Unit, Market Stays Sluggish

Published: Jul 3, 2026 15:43

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[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI dropped by 13.3 yuan/nickel unit WoW to 1,133.7 yuan/nickel unit (ex-factory, tax included), while the average FOB Indonesia NPI index price slipped by $0.31/nickel unit WoW to $146.69/nickel unit. This week, the high-grade NPI market maintained a stalemate in the tug-of-war between sellers and buyers, with sluggish trading throughout, and the overall market remained in the doldrums, with prices under pressure.

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