Shanghai Nov. 12 (CBI China) -- An insider of a NPI producer with blast furnace in Linyi city, Shandong province said the plant resumed production yesterday. Though the operating rate was not full, they started selling NPI already.
Following another NPI producer with blast furnace in the same region said it will not shut down last week, this company has become the only second NPI producer in Shandong Province. As insider said, it has only resumed production as much as before production suspension, about a half of total capacity.
Due to downstream demand remained sluggish, prices of NPI (1.6% -1.7%) made by this company kept at mainstream price in current market, with ex-work price at RMB 2,750-2,800/mt (excluding tax).
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