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Home / Metal News / Inner Mongolia NPI Producers Resume Production after Beijing Parade

Inner Mongolia NPI Producers Resume Production after Beijing Parade

iconSep 8, 2015 17:34
One NPI producer in Inner Mongolia resumed production on Sept. 5 after Beijing’s parade, Shanghai Metals Market learns.

SHANGHAI, Sept. 8 (SMM) – One npi producer in Inner Mongolia resumed production on Sept. 5 after Beijing’s parade, Shanghai Metals Market learns.  

The company told SMM that it would suspend production again after using up their nickel ore inventories. Current ore inventories are around 20 days of consumption, SMM survey finds.  

In Linyi, Shandong Province, local blast furnace NPI producers haven’t received any notice of resumption time, but there is a good chance that the resumption will happen in late September. 

On Sept. 8, no trading was heard. According to SMM data, ex-works prices of high-grade NPI (Ni 10-15%) were unchanged at 745-770 yuan per mtu, and 800-805 yuan per mtu for Ni 4-6% NPI, down 2.5 yuan per mtu. Prices of low-grade NPI little changed at 1,830-1,870 yuan per tonne. 

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

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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