Nickel Prices Plunge, Triggering Low-Price Sell-Offs and Limited Trading Volume Amid Market Panic

Published: Mar 20, 2026 13:42

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[SMM Nickel Flash] March 20 News: Supply side, under the impact of the sharp pullback in nickel prices yesterday, low-price sell-offs emerged in the market, fueling panic sentiment and loosening upstream quotations. Demand side, some steel mills and traders made purchases at low prices, but the trading volume of low-priced cargoes remained limited. At present, many steel mills are bidding below 1,080 yuan/nickel unit, but deals are difficult to conclude. Overall, market quotations loosened amid yesterday’s decline in nickel prices, and high-grade NPI prices fell in stages.

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