Rising Momentum to Continue in China NPI Market, SMM Says

Published: Apr 27, 2016 11:15

Save

China’s NPI market has been rising recently, and the rising momentum is expected to continue this week, Shanghai Metals Market foresees.

SHANGHAI, Apr. 27 (SMM) – China’s NPI market has been rising recently, and the rising momentum is expected to continue this week, Shanghai Metals Market foresees.

“Bullish sentiment remains strong in China’s NPI market along with rising nickel prices, tight supply and robust demand,” SMM nickel analyst points out.

LME Nickel to Extend Gains This Coming Week

High-grade NPI suppliers, with optimistic outlook, are now unwilling to sell products, having created difficulties in purchasing the resource. This, also, has pushed some mills to buy low-grade NPI, whose price has been rising steadily, SMM survey finds.

High-grade NPI prices are expected to rise to 740-760 yuan per tonne this week, SMM predicts, and domestic stainless steel mills are also estimated to raise their procurement price.

One North-China Stainless Steel Lifts High-grade NPI Procurement Price by 40 yuan

Last week, ex-works prices for NPI (Ni 10-15%) were 730-750 yuan per mtu, up 17.5 yuan week-on-week, and those for NPI (Ni 4-6%) were7 45-755 yuan per mtu, up 20, according to SMM data.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

China NPI price npi price nickel price LME nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

Greenway Expands into E-Scrap Recycling to Capture High-Value Metals

Greenway Metal Recycling has expanded to accept electronic scrap, targeting higher-value metals recovery amid rising e-waste volumes and stricter compliance requirements.

1 hour ago

Filo del Sol Emerges as One of the Largest Undeveloped Copper Deposits

Filo del Sol is emerging as one of the world’s largest undeveloped copper deposits, though environmental and logistical challenges remain.

1 hour ago

13 hours ago

Shaanxi-Henan UHV DC Project, Final in "Three Exchanges Nine Direct," to Be Completed by 2028

On March 31, the National Grid announced that the Shaanxi-Henan ± 800 kV UHV DC project, the final project of the "three exchanges and nine direct" projects in the National "14th Five-Year" plan, with a total investment of 19 billion yuan.It starts in Yulin, Shaanxi, and ends in Kaifeng, Henan, passing through Shaanxi, Shanxi, and Henan provinces. The total length of the line is 728 kilometers, the transmission capacity is 8 million kilowatts, and it is planned to be completed and put into operation in 2028.

13 hours ago