SMM Exclusive: China's NPI Metal Output in April Amounts to 20kt -Shanghai Metals Market

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SMM Exclusive: China's NPI Metal Output in April Amounts to 20kt

SMM Insight 11:09:09AM Jun 01, 2010 Source:SMM

SHANGHAI, Jun. 1 (SMM) -- According to data from SMM, China's NPI physical output in April were 391.9kt, or 20kt of refined nickel after conversion. China's NPI physical output was up 78% YoY and up 8% MoM. China's refined nickel output, after conversion, was up 155.35% YoY and 15% MoM.

The relatively rapid growth of metal output is mainly attributed to expanding of NPI producers with electric arc furnaces as well as the increasing new projects and transformed projects.  It is expected that NPI metal output is expected to grow further. Meanwhile, as demand for (4-6%) NPI and (1.7-1.8%) NPI reduced, production will be shifted or halted in June at NPI producers with blast furnaces, resulting in reducing contribution of NPI output.

To contact the writer on this report: celiawang@smm.cn

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Key Words:  nickel pig iron  NPI 

SMM Exclusive: China's NPI Metal Output in April Amounts to 20kt

SMM Insight 11:09:09AM Jun 01, 2010 Source:SMM

SHANGHAI, Jun. 1 (SMM) -- According to data from SMM, China's NPI physical output in April were 391.9kt, or 20kt of refined nickel after conversion. China's NPI physical output was up 78% YoY and up 8% MoM. China's refined nickel output, after conversion, was up 155.35% YoY and 15% MoM.

The relatively rapid growth of metal output is mainly attributed to expanding of NPI producers with electric arc furnaces as well as the increasing new projects and transformed projects.  It is expected that NPI metal output is expected to grow further. Meanwhile, as demand for (4-6%) NPI and (1.7-1.8%) NPI reduced, production will be shifted or halted in June at NPI producers with blast furnaces, resulting in reducing contribution of NPI output.

To contact the writer on this report: celiawang@smm.cn

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Key Words:  nickel pig iron  NPI