Newssummary: Will Nickel Prices Get a Boost from Latest Closures at NPI Producers?

SHANGHAI, Mar. 6 (SMM) – Polluting enterprises in many domestic sectors, including alloy, coking, chemicals and cement, have been required to be shut down at the beginning of 2015 following the introduction of new stricter environmental protection laws in many regions.   

Will nickel prices get a boost from the most recent closures at NPI producers in Linyi City, Shandong Province?

“The closures will not boost nickel price,” an analyst told CS.com.cn, citing high LME nickel inventories, tumbling nickel prices, and a strong dollar. 

Besides, supply of low-grade NPI is also sufficient, the analyst added. 

Linyi is a major producing region of low-grade NPI in China, with output accounting for 75% of China’s total.  

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