SMM 10-12% High-Grade NPI Price Drops to 1,113.2 Yuan/Nickel Unit, Indonesia NPI FOB Index Falls to $144.07

Published: Sep 4, 2026 17:38

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[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI fell WoW by 9.3 yuan/nickel unit to 1,113.2 yuan/nickel unit (ex-factory, tax included). The average price of the Indonesia NPI FOB index fell WoW by $1.44/nickel unit to $144.07/nickel unit. This week, spot high-grade NPI drifted lower overall, with negotiation centers continuing to move down. Market trading was sluggish, and liquidity was insufficient.

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