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Nickel Prices Fluctuated in January, Rising First and Then Falling; High-Grade NPI's Discount to Refined Nickel May Narrow in February [SMM Analysis]

  • feb 14, 2025, at 10:25 am
[SMM Analysis: Nickel Prices Fluctuated in January, Expected Narrowing of High-Grade NPI Discount to Refined Nickel in February] In January 2025, the average discount of high-grade NPI to refined nickel was 322.15 yuan/mtu, expanding by 15.45 yuan/mtu MoM. During January, the price spread between the two showed a fluctuating trend, while refined nickel prices exhibited a rise followed by a decline...
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