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NPI Producers Cease to Quote on Low Inventory
Oct 25,2012 17:49CST
smm insight
Source:SMM
90% NPI producers said that they had no inventory and were reluctant to receive new orders.

SHANGHAI, Oct. 25 (SMM) – Mainstream traded prices of high-grade NPI (Ni 10-15%) were between RMB 1,180-1,210/mtu, RMB 1,200-1,220/mt for medium-grade NPI (Ni 6-8%), RMB 1,220-1,240/mtu for NPI (Ni 4-6%) and RMB 2,880-2,930/mtu for low-grade NPI (Ni 1.6-1.7%).

Based on SMM survey result, high and medium-grade NPI producers in Inner Mongolia, Shanxi and Shandong almost reported no inventories. 90% NPI producers said that they had no inventory and were reluctant to receive new orders. Limited number of NPI producers offered quotation higher than mainstream prices.
 

NPI price
nickel pig iron price

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