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Home / Metal News / Aluminium / A Large Stainless Steel Mill Bids NPI for September Delivery at RMB 1,620/mtu
A Large Stainless Steel Mill Bids NPI for September Delivery at RMB 1,620/mtu
Aug 30,2011 15:35CST
smm insight
Source:SMM
According to SMM sources, a large stainless steel mill in east China bids NPI (10-15%) for September delivery at RMB 1,620/mtu (delivery to factory and including tax).

SHANGHAI, Aug. 30 (SMM) -- According to SMM sources, a large stainless steel mill in east China bids NPI (10-15%) for September delivery at RMB 1,620/mtu (delivery to factory and including tax), equaling to RMB 162,000/mt for refined nickel price and very close to SMM #1 refined spot nickel price.

 As stainless steel mill’s biding price for NPI was lower than spot NPI prices, some market players showed skepticism towards whether or not high grade NPI can be purchased at this price level. 
 

NPI; nickel pig iron; stainless steel mill;

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