Download our mobile app to 
your devices
Android devicesiOS devices
Holiday Pricing ScheduleFREE TRIALCompliance CentreAbout UsContact Us
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsCar Insight
Home / Metal News / Rising Momentum to Continue in China NPI Market, SMM Says

Rising Momentum to Continue in China NPI Market, SMM Says

iconApr 27, 2016 11:15
Source:SMM
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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All
MOST POPULAR
1.NEV Magnet Wire Industry Opportunity Discovery
2.Copper Substitution Market Study-Consumer Durables
3.Copper Substitution Market Study-Construction
4.Copper Substitution Market Study-Power Distribution
5.Copper Substitution Market Study-Power Transmission
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.