High-Grade NPI Prices Rise in China and Indonesia, Market Shows Recovery Trend

Published: Apr 17, 2026 17:09

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[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI rose 5.15 yuan/nickel unit WoW to 1,085.4 yuan/nickel unit (ex-factory, tax included), while the average Indonesian NPI FOB index price rose 1.5 $/nickel unit WoW to 138.51 $/nickel unit. The high-grade NPI market exhibited a "dip-then-rally" trend this week. Prices edged down at the beginning of the week due to weak end-use demand, but subsequently, driven by multiple favorable factors, market activity picked up notably and the price center shifted gradually upward.

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