NPI Producers Turn Wary of Ore Purchases, SMM Reports

SHANGHAI, Sept. 13 (SMM) – Domestic NPI producers took a wait-and-see stance over ore purchases, Shanghai Metals Market survey finds. 

Recently, nickel ore price changed along with LME nickel, which staged wide price fluctuations. CIF price for Ni 1.5% ore was offered at $46 per wet tonne, raising downstream purchasing cautious attitude.  

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Moreover, big price fluctuation in the NPI market and on-hand inventories enough for production until December also added to market caution on ore purchases. 

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