[SMM Nickel Flash] News on March 17: The SMM high-grade NPI market sentiment factor was 2.23, down 0.03 MoM; the upstream sentiment factor for high-grade NPI was 2.85, down 0.04 MoM; and the downstream sentiment factor for high-grade NPI was 1.6, down 0.03 MoM.

[SMM Daily Review: Weak End-User Demand and Fear of High Prices Weighed on the Market, with High-Grade NPI Prices Under Pressure in the Short Term] March 17 News: SMM's upstream sentiment indicator for high-grade NPI was 2.85, down 0.04 MoM, while the downstream sentiment indicator for high-grade NPI was 1.6, down 0.03 MoM.

[SMM Nickel Flash] March 16 News: The SMM high-grade NPI market sentiment factor was 2.26, down 0.06 MoM; the upstream sentiment factor for high-grade NPI was 2.89, down 0.03 MoM; and the downstream sentiment factor for high-grade NPI was 1.63, down 0.09 MoM.

[SMM Daily Review: Cost Support Met Cooling Downstream Prices, Putting Pressure on High-Grade NPI Prices] March 16 News: SMM's upstream sentiment factor for high-grade NPI was 2.89, down 0.03 MoM, while the downstream sentiment factor for high-grade NPI was 1.63, down 0.09 MoM.

[SMM Nickel Flash] March 17 News. Supply side, some smelters held firm on quotations, but amid the futures decline and stainless steel finished product prices coming under pressure, some traders feared buying at elevated levels. Demand side, terminal demand remained weak and struggled to accept high prices for stainless steel finished products. Meanwhile, the cost advantage of steel scrap widened, and steel mills' willingness to procure high-grade NPI turned sluggish again.

[SMM Nickel Flash] March 16 News: Supply side, upstream cost support still remained. Demand side, downstream spot order procurement mainly focused on cargoes with higher nickel units. Amid declining stainless steel prices, downstream psychological price levels showed a downward trend. Overall, the stage of back-and-forth negotiations between upstream and downstream had not yet ended, and high-grade NPI prices were capped by finished stainless steel products on the upside.