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China March Nickel Output Contained in NPI Falls 0.29% MoM
Apr 12, 2012 13:09According to SMM exclusive data, China’s output of nickel contained in NPI during March was 23,402.66 mt, down 0.29% from February’s 23,471.7 mt.
SHANGHAI, Apr. 12 (SMM) -- According to SMM exclusive data, China’s output of nickel contained in NPI during March was 23,402.66 mt, down 0.29% from February’s 23,471.7 mt, but up 2.15% from 22,911 mt during March 2011.
China’s NPI output in March was 441,900 mt, up 19.05% from February’s 371,200 mt, and up 32.66% from 333,100 mt in March 2011.
|
Ni Content |
March Output of Ni Contained in NPI (Mt) |
Proportion |
February Output of Ni Contained in NPI (Mt) |
Proportion |
MoM Change |
|
NPI (Ni 9-15%) |
15,776.5 |
67.41% |
17,476.4 |
74.46% |
-9.73% |
|
NPI (Ni 4-8%) |
3,291 |
14.06% |
3,431.5 |
14.62% |
-4.09% |
|
NPI (Ni 1.5-2.0%) |
4,335.16 |
18.52% |
2,563.8 |
10.92% |
69.09% |
|
Total |
23,402.66 |
100% |
23,471.7 |
100% |
-0.29% |
Low grade NPI output increased, and the survey reveals that no low grade NPI producers have plans to cut or suspend production. Medium grade NPI output decreased on a monthly basis, with 57% of medium grade NPI producers saying they may consider cutting production. 20% of high grade NPI producers said they would cut or suspend production.
nickel
NPI
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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