Download our mobile app to 
your devices
Android devicesiOS devices
FREE TRIALCompliance CentreAbout UsContact Us
English
English中文
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsConsulting
Home / Metal News / LME Nickel Prices Rise, NPI Prices under Negotiation

LME Nickel Prices Rise, NPI Prices under Negotiation

iconMar 13, 2013 18:12
Source:SMM
After the Chinese New Year holiday, NPI prices fell steadily, fueling pessimistic sentiment in the market.

SHANGHAI, Mar. 13 (SMM) – After the Chinese New Year holiday, NPI prices fell steadily, fueling pessimistic sentiment in the market. It was reported that stainless steel mills’ willingness to beat down prices was strong since inventories of NPI were high. 

Before the Chinese New Year holiday, NPI producers were reluctant to move goods due to bullish expectation when LME nickel prices rose and price spread between NPI and nickel was expanding.

After the Chinese New Year holiday, nickel prices fell and price spread between nickel and NPI was narrowing. Therefore, pessimistic sentiment grew.

From March 8th, LME nickel prices moved higher, expanding price spread between nickel and NPI. Although bid prices from stainless steel mills did not rose, inquiries for NPI became brisk, which allows NPI entered in to price negotiation stage.
 

NPI price
China NPI price
nickel pig iron price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All
MOST POPULAR
1.Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte
2.Technical Due Diligence Survey Of Nickel Product Unit
3.Long-term Price Forecast Of Nickel Industry
4.Feasibility Study Of Nickel Industry Investment
5.Indonesia Ni Industry Analysis
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemap
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.