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Home / Metal News / Production at China NPI Producers Worsens, SMM Reports

Production at China NPI Producers Worsens, SMM Reports

iconDec 9, 2015 10:28
Conditions at domestic high-grade NPI producers are worsening amid the sluggish market, Shanghai Metals Market reports.

SHANGHAI, Dec. 9 (SMM) – Conditions at domestic high-grade NPI producers are worsening amid the sluggish market, Shanghai Metals Market reports. 

“Long-standing losses have grown reluctance in production amid domestic high-grade NPI producers,” SMM nickel analyst says. 

It was heard lately that one high-grade NPI factory in Lianyungang has suspended production.  

Low utilization rates have reduced the availability of high-grade NPI, so some stainless steel plants shifted to buying refined nickel and low-grade NPI in production, SMM learns.  

SMM expects high-grade NPI prices to hold largely stable for the foreseeable future. 

On Dec. 8, ex-works prices for Ni 10-15% were 690-705 yuan per mtu, and 720-730 yuan per mtu for Ni 4-6%, both unchanged from a day earlier, according to SMM data.

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

For more information on how to access our research reports, please email service.en@smm.cn

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