SMM High-Grade NPI Sentiment Index Rises Slightly in June Amid Market Divergence

Published: Jun 3, 2026 14:36

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[SMM Nickel Flash] On June 3, the SMM high-grade NPI market sentiment index was 2.49, up 0.01 MoM; the high-grade NPI upstream sentiment index was 3.04, up 0.02 MoM; and the high-grade NPI downstream sentiment index was 1.94, up 0.01 MoM. The NPI market today continued its structural divergence and stagnant price pattern overall.

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