SHANGHAI, Apr 12 (SMM) - The traded prices of NPI crashed last week as stainless steel mills pushed for lower NPI prices due to losses brought by falling stainless steel prices. In addition, due to the intensive arrivals of Indonesia NPI at ports, traders who carried high inventories dumped their goods at lows to ease the inventory pressure. The nickel ore prices may drop further, and NPI prices are expected to trend lower this week. The discounts of high-grade NPI against pure nickel will continue to expand in the near future.



