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Home / Metal News / High-grade NPI Prices to Fall, SMM Says

High-grade NPI Prices to Fall, SMM Says

Nov 23, 2015 18:01

Prices of high-grade NPI are expected to fall for the foreseeable, Shanghai Metals Market foresees.

SHANGHAI, Nov. 23 (SMM) – Prices of high-grade NPI are expected to fall for the foreseeable, Shanghai Metals Market foresees.

“After refined nickel prices tumbled, domestic stainless steel mills turn to buy refined nickel, reducing the already weak market,” SMM nickel analyst says.

Last Friday, prices for Ni 10-15% were 680-690 yuan per mtu, (including tax, ex-works), down 57.5 yuan per mtu week-on-week, according to SMM data.

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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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