SMM High-Grade NPI Sentiment Up, Trading Activity Improves in July

Published: Jul 30, 2026 18:17
[SMM Nickel Flash] July 30 news, SMM high-grade NPI market sentiment factor was 2, up 0.02 MoM, the high-grade NPI upstream sentiment factor was 2.04, up 0.04 MoM, and the high-grade NPI downstream sentiment factor was 1.97, up 0.02 MoM. Trading activity for forward-month cargoes in the high-grade NPI market improved noticeably.

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[SMM Nickel Flash] July 30 news, SMM high-grade NPI market sentiment f - Shanghai Metals Market (SMM)