NPI Price in China (2012-6-20)

Recently, the conflict between Russia and Ukraine has caused many worries in the financial market. With the further aggravation of the situation, both domestic and foreign nickel prices have risen sharply, among which SHFE nickel prices have once again been set a record high.

China imported 4.01 million mt of nickel ore and its concentrate in November, a decrease of 10% from the previous month and a year-on-year increase of 12%, According to General Administration of Customs.

The average price of SMM 8-12% high-grade NPI was 1,095 yuan/mtu (ex-factory including tax) on April 2, and the average price of Indonesian NPI was 1,075 yuan/mtu (including tax, arriving at ports).

Production of NPI and #300 stainless steel is unlikely to be affected as restrictions target blast furnaces

China’s high-grade NPI market is expected to see a supply surplus in Q1 2019, with output growth in China and Indonesia

Price spread of high-grade NPI and nickel turned into discounts as of Friday Sep14

A roundup of China’s base metals output in Aug through SMM survey of major producers

Growth of NPI output in Indonesia is likely to support supplies in the Chinese market for the rest of this year

A cargo of high-grade nickel pig iron (NPI) was heard traded at 1,100 yuan/mtu delivered to mill this week

SMM aims to look at how much refined nickel currently used to make stainless steel could be channelled to the new energy space