SHANGHAI, Sept. 18 (SMM) - In August, premiums of high-grade NPI over imported ferronickel (Ni 15%) were $1,013 per tonne (Ni content), up sharply by $363 per tonne (Ni content) or 56% from July’s, according to SMM data.
The following two factors could explain the big rise in the premiums in August.
First, some NPI traders held back sales, so supply available for stainless steel mills remained tight in August, sending up high-grade NPI over the month.
Second, Chinese yuan’s appreciation against the dollar left price gains of yuan-denominated domestic NPI bigger than those of USD-denominated imported ferronickel.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

![[SMM Actualité éclair sur l’acier inoxydable] Le principal laminoir indien d’acier inoxydable réduit les prix des bobines de novembre ; la dérogation QCO pour les demi-produits est prolongée](https://imgqn.smm.cn/usercenter/WYeHX20251217171733.jpg)
![[SMM Actualité éclair sur l’acier inoxydable] Acerinox ne prévoit pas de reprise de l’acier inoxydable en Europe avant le début de l’année prochaine, la consommation s’effondrant](https://imgqn.smm.cn/usercenter/CjEnN20251217171733.jpg)
