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.
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