SMM Nickel Update: High-Grade NPI and Indonesia NPI FOB Prices Rise, Driven by Policies and Futures

Published: May 9, 2026 18:20

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[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI rose 30.5 yuan/nickel unit WoW to 1,150.5 yuan/nickel unit (ex-factory, tax included), and the average price of the Indonesia NPI FOB index rose 3.58 $/nickel unit WoW to 146.78 $/nickel unit. This week, policies and futures drove prices steadily higher, with the NPI price center moving further upward.

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