SMM Nickel Prices Rise: High-Grade NPI Up 3.03 Yuan, Indonesia NPI FOB Up $0.33 Per Unit

Published: Jun 18, 2026 18:12

Save

[SMM Nickel Express] The SMM 10-12% high-grade NPI average price rose WoW by 3.03 yuan/nickel unit to 1,146.13 yuan/nickel unit (ex-factory, tax included), and the Indonesia NPI FOB index average price rose WoW by $0.33/nickel unit to $147.66/nickel unit.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Costs of High-Grade NPI in China Drop as Philippine Ore Arrivals Increase, Profitability Gap Widens

[SMM Nickel Flash] This week, the cost trends of high-grade NPI in and outside China diverged once again, with the profitability gap continuing to widen. The cash cost of high-grade NPI in China extended its downward trend, primarily driven by increased arrivals of Philippine nickel ore and persistently weakening prices, directly reducing smelting’s core raw material costs, while overall production costs pulled back in tandem.

3 hours ago

Nickel-Iron Market Sees Uptrend, Futures Recovery Boosts Sentiment and Prices

[SMM Nickel Express] This week, the nickel-iron market fluctuated upward overall. The futures market stabilized and recovered, driving market sentiment to continue improving. Downstream procurement demand was gradually released, and the price center rose continuously. The market exhibited a structural trend where medium- and low-grade transactions recovered, while high-grade materials saw bid prices but no actual deals.

3 hours ago

[SMM Analysis] China Stainless Steel Futures Rebound as Macro Whipsaws; Spot Firms on Tighter Supply

SMM Weekly Stainless Steel Futures Review — week of June 15–18, 2026. A mid-week hawkish Fed turn capped an early rally, but supply tightening and firm mill pricing lifted the SHFE board RMB 355/mt on the week of June 15–19.

3 hours ago