SHANGHAI, Apr 3 (SMM) - The NPI profits based on raw material purchased 25 days earlier continued to shrink last week. The high-grade NPI prices dipped 65 yuan/mtu, while prices semi-coke purchased 25 days earlier rose. Given the slight fall in nickel ore prices last week and the price decline previously, the costs of spot nickel ore dropped further. Some NPI factories still bore high costs from the previously restocked high-priced nickel ore. NPI prices continued to fall sharply, weighing on the ore prices. SMM believes that the mines will lower their quotes.


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