China NPI Price to Drop on Market Pessimism, SMM Says-Shanghai Metals Market

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China NPI Price to Drop on Market Pessimism, SMM Says

Industry News 05:46:05PM Aug 19, 2015 Source:SMM

SHANGHAI, Aug. 19 (SMM) – The price of medium and high-grade NPI in China’s domestic market is expected to continue falling for the foreseeable future, Shanghai Metals Market predicts. 

“Market pessimism is strong now, and little purchases by domestic stainless steel mills give no support to market price,” SMM nickel analyst says.  

According to SMM survey, some large stainless steel mills have postponed NPI purchases to next month. 

On Aug. 19, prices were 820-835 yuan per mtu for Ni 10-15% NPI, and 825-835 yuan per mtu for Ni 4-6% NPI.  

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


Key Words:  npi price  China NPI price 

China NPI Price to Drop on Market Pessimism, SMM Says

Industry News 05:46:05PM Aug 19, 2015 Source:SMM

SHANGHAI, Aug. 19 (SMM) – The price of medium and high-grade NPI in China’s domestic market is expected to continue falling for the foreseeable future, Shanghai Metals Market predicts. 

“Market pessimism is strong now, and little purchases by domestic stainless steel mills give no support to market price,” SMM nickel analyst says.  

According to SMM survey, some large stainless steel mills have postponed NPI purchases to next month. 

On Aug. 19, prices were 820-835 yuan per mtu for Ni 10-15% NPI, and 825-835 yuan per mtu for Ni 4-6% NPI.  

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


Key Words:  npi price  China NPI price