SHANGHAI, Mar 27 (SMM) - Losses of high-grade NPI expanded based on the prices of nickel ore purchased 25 days ago. Last week, the high-grade NPI prices dipped 52.5 yuan/mtu, while semi-coke prices rose. CIF prices of spot nickel ore declined slightly. Recently, the NPI prices have dropped quickly, while the NPI plants bore high costs, which forced the mines to cut nickel ore quotes. As ore prices continue to decline in the near future, the profits of NPI plants will grow somewhat.
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