Home / Metal News / China NPI Price Continue Falling Despite Plant Closures

China NPI Price Continue Falling Despite Plant Closures

iconMar 6, 2015 16:52
The reports of closures at NPI producers in Linyi, Shandong Province failed to boost China’s price of low-grade NPI during this past week, Shanghai Metals Market survey shows.

SHANGHAI, Mar. 6 (SMM) – The reports of closures at NPI producers in Linyi, Shandong Province failed to boost China’s price of low-grade NPI during this past week, Shanghai Metals Market survey shows. 

As of Friday (Mar. 6), ex-works prices of 1.6-1.7% NPI were 2,560-2,600 yuan per tonne (including taxes), with prices averaging at 2,580 yuan per tonne, a week-on-week drop of 20 yuan, according to SMM data.  

The drop in price, due mainly to sufficient supply and sluggish nickel prices, is in line with SMM’s expectation, despite of NPI closures in Shandong

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

China NPI price
China environmental drive
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news