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

Production at China NPI Producers Worsens, SMM Reports

Dec 9, 2015 10:28

Source:SMM

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.

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