[Ni Price] Chinese Stainless Steel Mills Prefer Refined Nickel over NPI

Published: Jul 10, 2015 09:28

Save

Chinese stainless steel mills shows more interest in refined nickel than NPI following sharp losses in the nickel market, Shanghai Metals Market survey finds.

SHANGHAI, Jul. 10 (SMM) – Chinese stainless steel mills shows more interest in refined nickel than NPI following sharp losses in the nickel market, Shanghai Metals Market survey finds.

In China’s domestic spot market, nickel price tumbled to 83,500 yuan per tonne or 835 yuan per mtu, lower than domestic NPI price.

On Jul. 9, ex-works price of high-grade NPI (Ni 10-15%) was 880-900 yuan per mtu, and 890-900 yuan per tonne for medium-grade NPI (Ni 4-6%), according to SMM data, little changed from a day earlier.

The price of medium and high-grade NPI is expected to drop, SMM foresees, but any decline will be small due to losses across the sector.

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

China NPI price nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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