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Home / Metal News / Low-Grade NPI Preferred by Stainless Steel Mills, Supporting Ore Prices, SMM Reports

Low-Grade NPI Preferred by Stainless Steel Mills, Supporting Ore Prices, SMM Reports

iconDec 29, 2015 16:43
Source:SMM
Domestic stainless steel mills now prefer to buy low-grade NPI to mix with refined nickel for production, Shanghai Metals Market reports.

SHANGHAI, Dec. 29 (SMM) – Domestic stainless steel mills now prefer to buy low-grade NPI to mix with refined nickel for production, Shanghai Metals Market reports. 

“The greater difficulties in buying high-grade NPI have pushed mills to buy low-grade resources in production,” SMM nickel analyst says. 

The preference in low-grade NPI resources pushed up prices of raw materials, SMM finds. 

On Dec. 29, prices for low-grade nickel ore (Ni 0.9-1.0%) advanced to 125-145 yuan per wmt, up 5 yuan, according to SMM data. 

The same day, prices of medium and high-grade ore held stable at 170-270 yuan per wmt, and 370-420 yuan per wmt, respectively, SMM data showed.  

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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