SMM 10-12% High-Grade NPI Price Drops to 1,127.2 Yuan/Unit; Indonesian NPI FOB Index Falls to $145.34/Unit

Published: Jul 24, 2026 16:54

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[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI dropped 2.2 yuan/nickel unit WoW to 1,127.2 yuan/nickel unit (ex-factory, tax included), and the Indonesian NPI FOB index average price dropped $0.42/nickel unit WoW to $145.34/nickel unit. This week, the high-grade NPI spot market remained in a state of intense supply-demand game, with a persistent significant gap between the psychological price levels of upstream and downstream players.

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