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Production at China NPI Producers Worsens, SMM Reports
Dec 9, 2015 10:28Source: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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