SMM High-Grade NPI Sentiment Index Dips, Market Tension Persists Amid Sluggish Transactions
[SMM Nickel Flash] On July 15, the SMM high-grade NPI market sentiment index was 1.96, down 0.02 MoM. The upstream sentiment index for high-grade NPI was 2.06, down 0.04 MoM. The downstream sentiment index for high-grade NPI was 1.86, unchanged MoM. The tug-of-war between sellers and buyers in the spot market for high-grade NPI intensified further today, while the psychological price level gap between upstream and downstream persisted and overall transactions remained sluggish.