SHANGHAI, Jan. 17 (SMM) -- Mainstream traded prices for NPI (Ni 10-15%) were between RMB 1,140-1,160/mtu, down RMB 10/mtu, were between RMB 1,165-1,175/mtu for NPI (Ni 6-8%), down RMB5/mtu, between RMB 1,170-1,180/mtu for NPI (Ni 4-6%), and between RMB 2,950-3,000/mt for NPI (Ni 1.6-1.7%).
According to SMM sources, large stainless steel mills replenished ample stocks in middle December. According to SMM sources, Taiyuan I/S, Baosteel, Fijian Dingxing Nickel Industry, and Zhangjiagang Pohang Stainless Steel already replenished ample stocks. A few stainless steel mills even replenished stocks sufficient for consumption till early March. According to SMM statistics, EMM prices for the week ending on December 21st were RMB 52.6-66.5/mtu higher than high-grade NPI prices.