High-grade NPI Prices Fell, weighing on Nickel Ore Quotes

게시됨: May 22, 2023 16:18
출처: SMM
Real-time profits of NPI plants rose slightly last week based on the prices of nickel ore purchased 25 days earlier, which was contributed by the slower price drop in NPI than raw materials.

SHANGHAI, May 22 (SMM) - Real-time profits of NPI plants rose slightly last week based on the prices of nickel ore purchased 25 days earlier, which was contributed by the slower price drop in NPI than raw materials. CIF prices of spot nickel ore fell somewhat last week, which still failed to encourage the bearish NPI plants to restock. Besides, the auxiliary material prices were also on a downward trajectory. SMM expects that the profit margins of NPI plants will maintain at the same level this week.

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High-grade NPI Prices Fell, weighing on Nickel Ore Quotes - Shanghai Metals Market (SMM)