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Home / Metal News / China Low-Grade NPI Price Rise on Supply Tightness, SMM Says

China Low-Grade NPI Price Rise on Supply Tightness, SMM Says

iconMar 22, 2016 10:39
Source:SMM
Prices for low-grade NPI rose 10 yuan on Mar. 21 in China’s domestic spot market, according to SMM data.

SHANGHAI, Mar. 22 (SMM) – Prices for low-grade NPI rose 10 yuan on Mar. 21 in China’s domestic spot market, according to SMM data. 

“The rise is due mainly to supply tightness, which encouraged some mills to raise their procurement price,” SMM nickel analyst points out. 

Last week, mainstream traded prices for low-grade NPI were 1,740-1,760 yuan per tonne, averaging 1,750 yuan, up 50 yuan on a weekly basis, according to SMM data. 

Some low-grade NPI producers in Jiangsu and Shandong raised ex-works prices to 1,780-1,800 yuan per tonne, SMM survey finds. 

Last week, prices for 10-15% NPI were 700-705 yuan per wmt, unchanged, and 710-720 yuan for 4-6% NPI, up 7.5 yuan week-on-week, 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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