High-Grade NPI Premiums Shrink as Market Cools, Downstream Discounts Emerge Amid Cautious Buying

Published: Aug 27, 2026 16:04

Save

[SMM Nickel Flash] August 27, In the current high-grade NPI market, enterprises are still mainly selling at premiums, but premiums have notably contracted; on the downstream procurement side, quotes at discounts have appeared, and low-price purchase inquiries have increased, though actual deals have been limited. In a falling market, traders are more cautious about buying at a premium, and fixed-price deals are scarce.

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

Related News

2 hours ago

Data: SHFE, DCE market movement (Aug 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Aug , 2026

2 hours ago

SMM High-Grade NPI Market Sentiment Rises Slightly, Trading Remains Weak

[SMM Nickel Flash] Aug 27 news, the SMM high-grade NPI market sentiment factor was 1.86, up 0.01 MoM. The upstream sentiment factor for high-grade NPI was 2.02, flat MoM, and the downstream sentiment factor was 1.69, up 0.01 MoM. The high-grade NPI market continued to grind lower, with overall trading remaining weak.

2 hours ago

3 hours ago

[SMM Analysis] Market Activity Showed No Significant Recovery at Month-end; Nickel Sulphate Prices Slipped This Wee

3 hours ago