Home / Metal News / Nickel / [NPI Price] Chinese NPI Producers Troubled by Cash Crunch
[NPI Price] Chinese NPI Producers Troubled by Cash Crunch
Jul 23,2015 11:12CST
industry news
Source:SMM
Small and medium-sized Chinese NPI producers are now troubled by liquidity crunch, Shanghai Metals Market survey finds.

SHANGHAI, Jul. 23 (SMM) – Small and medium-sized Chinese NPI producers are now troubled by liquidity crunch, Shanghai Metals Market survey finds. 

“Those in need for liquidity are now forced to sell goods at low prices,” SMM nickel analyst says.  

One NPI producer in north China signed a 2,000-tonne supply contract of high-grade NPI to one large stainless steel mill at 860 yuan per mtu (price to factory, in cash), according to SMM sources.  

On Jul. 22, ex-works prices of high-grade NPI (Ni 10-15%) were 855-890 yuan per mtu, and 860-875 yuan per mtu for Ni 4-6% NPI, respectively, flat with the level a day ago, according to SMM data. 

The price of low-grade NPI was 1,875-1,925 yuan per tonne, also unchanged from a day earlier.  

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

China NPI price
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