Nickel Market Stalemate: High Costs, Weak Demand Limit Price Movements

Published: Apr 1, 2026 13:34

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[SMM Nickel Flash] April 1 News, Supply side, under pressure from both upstream and downstream, quotations from smelters and traders were basically flat. Demand side, buying interest from downstream steel mills remained weak, and market demand was limited. Overall, with high upstream costs and end-use product prices struggling to match, high-grade NPI prices remained in stalemate.

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