Home / Metal News / Lead / [NPI Price] China NPI Price to Meet Resistance to Move Higher, SMM Says
[NPI Price] China NPI Price to Meet Resistance to Move Higher, SMM Says
Jun 11,2015 11:32CST
industry news
Source:SMM
The price of medium and high-grade is expected to face resistance to rise on weak demand, Shanghai Metals Market foresees.

SHANGHAI, Jun. 11 (SMM) – The price of medium and high-grade is expected to face resistance to rise on weak demand, Shanghai Metals Market foresees.

Prices of medium and high-grade NPI advanced by 5 yuan per mtu on Jun. 9 after LME nickel rose above $13,000 per tonne, according to SMM data.

“The off-demand season of stainless steel reduces demand for NPI, giving no support to more price gains,” SMM nickel group says.

The low-grade NPI market is now in surplus, with low trading, SMM adds.  

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

NPI Price in China
China NPI price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news