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Some Chinese Low-Grade NPI Producers Cut Price to Sell, SMM Reports

iconNov 19, 2015 17:18
Source:SMM
Traded prices of low-grade NPI ranged between 1,580-1,650 yuan per tonne, averaging 1,615 yuan per tonne, down 10 yuan, Shanghai Metals Market data show.

SHANGHAI, Nov. 19 (SMM) – Traded prices of low-grade NPI ranged between 1,580-1,650 yuan per tonne, averaging 1,615 yuan per tonne, down 10 yuan, Shanghai Metals Market data show. 

“The drop in low-grade NPI price is due mainly to price cut by some producers, in order to generate cash,” SMM learns, pushing down mainstream traded prices.  

Prices of medium and high-grade NPI, however, remained largely unchanged at 725-735 yuan per mtu and 720-740 yuan per mtu, respectively on Nov. 19, according to SMM data.  

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npi price
China NPI price
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.

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