NPI Market Transactions Slow on Weakening Demand (2013-1-16)-Shanghai Metals Market

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NPI Market Transactions Slow on Weakening Demand (2013-1-16)

SMM Insight 04:52:28PM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) -- Mainstream traded prices for NPI (Ni 10-15%) stayed unchanged between RMB 1,150-1,170/mtu, between RMB 1,170-1,180/mtu for NPI (Ni 6-8%), between RMB 1,180-1,190/mtu for NPI (Ni 4-6%), and between RMB 2,950-3,000/mt for NPI (Ni 1.6-1.7%).

NPI market transactions were modest before the Chinese New Year holiday as mainstream traded prices saw no changes temporarily, and since steel plants scaled back purchases ahead of the holiday. According to SMM sources, it needs at least around 20 days for NPI orders to arrive at stainless steel plants.
 

NPI Market Transactions Slow on Weakening Demand (2013-1-16)

SMM Insight 04:52:28PM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) -- Mainstream traded prices for NPI (Ni 10-15%) stayed unchanged between RMB 1,150-1,170/mtu, between RMB 1,170-1,180/mtu for NPI (Ni 6-8%), between RMB 1,180-1,190/mtu for NPI (Ni 4-6%), and between RMB 2,950-3,000/mt for NPI (Ni 1.6-1.7%).

NPI market transactions were modest before the Chinese New Year holiday as mainstream traded prices saw no changes temporarily, and since steel plants scaled back purchases ahead of the holiday. According to SMM sources, it needs at least around 20 days for NPI orders to arrive at stainless steel plants.