SMM Nickel Brief: High-Grade NPI Market Sentiment Stagnant, Downstream Caution Prevails

Published: Jul 6, 2026 11:37

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[SMM Nickel Flash] July 6 News: The SMM high-grade NPI market sentiment factor stood at 1.99, flat MoM. The upstream sentiment factor for high-grade NPI was 2.25, down 0.01 MoM, while the downstream sentiment factor was 1.73, up 0.01 MoM. The overall market is currently on a downward trajectory, with downstream buyers generally taking a cautious, wait-and-see stance.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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