East China Steel Mill Secures Large High-Nickel Pig Iron Deal from Indonesia at RMB 978/Nickel Point

Published: Sep 19, 2024 14:23

Save

[SMM Ferro-nickel Market Transaction News] According to SMM on September 19, market sources revealed that a steel mill in East China transacted high-nickel pig iron today, with Indonesian iron fetching a price of RMB 978 per nickel point (tax included at the factory, Ni≤11%). The transaction volume was over 10,000 tons, with a delivery date set for mid-to-late October.

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 to learn 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

9 hours ago

Data: SHFE, DCE market movement (Apr 01)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 01 Apr , 2026

9 hours ago

10 hours ago

[SMM Analysis] India’s Stainless Steel Dilemma: Protect the Market, or Keep It Supplied

New Delhi quietly renewed BIS certification waivers through September 2026, even as it talks tough on Chinese overcapacity. The contradiction reveals more about India's industrial gaps than its trade policy convictions

10 hours ago

11 hours ago

Nickel Market Stalemate: High Costs, Weak Demand Limit Price Movements

[SMM Nickel Flash] April 1 News, Supply side, under pressure from both upstream and downstream, quotations from smelters and traders were basically flat. Demand side, buying interest from downstream steel mills remained weak, and market demand was limited. Overall, with high upstream costs and end-use product prices struggling to match, high-grade NPI prices remained in stalemate.

11 hours ago