SMM Forecast on Indonesia NPI Output in Apr

Published: Apr 11, 2023 14:19

Source: SMM

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With the drop in nickel prices in April, the nickel ore prices in China fell as well, slightly pushing up the profit margins of NPI plants.

SHANGHAI, Apr 11 (SMM) - With the drop in nickel prices in April, the nickel ore prices in China fell as well, slightly pushing up the profit margins of NPI plants. In April, Chinese 300-series stainless steel output will only increase slightly from the previous month. Accordingly, the Indonesia NPI output is expected to grow about 4.8% MoM to 105,000 mt in Ni content, an increase of 11.8% year-on-year.

Output

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