High-Grade NPI Orders Scarce, Market Cautious Amid Bearish Sentiment

Published: Jul 29, 2026 17:10 (GMT+8)

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[SMM Nickel Flash] On July 29, fixed-price actual orders for high-grade NPI remain scarce, with market transactions generally based on a premium/discount negotiation model. Premiums for mainstream supply have edged down from earlier levels, but upstream and downstream price levels remain difficult to match. Bearish sentiment persists on the demand side, and the market remains cautious about the outlook for August.

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