SMM High-Grade NPI Sentiment Rises Slightly in August, Upstream and Downstream Factors Steady

Published: Aug 12, 2026 13:59

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[SMM Nickel Flash] August 12, SMM high-grade NPI market sentiment factor was 1.96, up 0.01 MoM; the upstream sentiment factor for high-grade NPI was 2.07, up 0.01 MoM; and the downstream sentiment factor for high-grade NPI was 1.84, flat MoM.

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