SMM High-Grade NPI Sentiment Factors Decline in July

Published: Jul 28, 2026 14:41
[SMM Nickel Flash] July 28 - SMM high-grade NPI market sentiment factor was 1.98, down 0.02 MoM; high-grade NPI upstream sentiment factor was 2.00, down 0.03 MoM; high-grade NPI downstream sentiment factor was 1.95, down 0.02 MoM.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn