China NPI Price to Fall This Week, SMM Says

Published: May 16, 2016 17:21

Save

High-grade NPI prices in China’s domestic market are expected to fall this week, Shanghai Metals Market foresees.

SHANGHAI, May 16 (SMM) – High-grade NPI prices in China’s domestic market are expected to fall this week, Shanghai Metals Market foresees.

“Tumbling nickel price has depressed market sentiment in high-grade NPI market, and prices are estimated to fall 10 yuan to 750 yuan per mtu this week,” SMM nickel analyst says.

China NPI Price to Advance This Week, but Turning Point to Emerge, SMM Says

According to SMM data, prices for high-grade NPI were stable during the first four trading days of last week, and on Friday, ex-works prices of NPI 10-15% were 750-770 yuan per mtu, down 10 yuan on a weekly basis.

Prices in medium-grade NPI market held stable at 780-800 yuan per mtu last week, and one producer in Shandong plans to shift to low-grade NPI production.

“Rising strength in low-grade NPI market will be still available, with prices expected to rise to 2,200 yuan per tonne,” SMM foresees, citing rising coke prices and using preference from higher economics of refined nickel over high-grade NPI.

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

China NPI price npi price 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

Mar 21, 2026 16:40

Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks

US Fed Governor Christopher Waller said on Friday that if signs of weakness emerged in the labor market, he would again support an interest rate cut later this year, while remaining alert to the inflationary pressures that the current geopolitical situation may bring.Waller noted that a closure of the Strait of Hormuz signaled greater inflationary pressure, and that higher oil prices could ultimately affect core inflation. He stressed that the current cautious stance did not mean there would be no action for the rest of the year.His remarks sent an important signal to the market—that the window for an interest rate cut had not closed, provided that employment data showed clear weakening.

Mar 21, 2026 16:40

Mar 21, 2026 16:39

IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel

According to Xinhua News Agency, the Islamic Republic News Agency reported on the 20th that the Islamic Revolutionary Guard Corps issued a statement saying that, despite extensive attention from Western media, the US Navy aircraft carrier Ford was deployed to the West Asia region but failed to provide support for US forces there and instead withdrew from the battlefield, reflecting the “desperate and humiliating” reality facing the US and Israel.

Mar 21, 2026 16:39

Mar 21, 2026 16:38

US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts

US Treasury Secretary Bessent claimed that the Strategic Petroleum Reserve (SPR) could be tapped again to suppress oil prices, but the reality was far more complex than this statement suggested—the reserve level was already close to the statutory minimum, and physical safety constraints left extremely limited room for any further release.Last week, Bessent said that the US had participated in the largest internationally coordinated SPR release operation to date, totaling 400 million barrels, and warned that, if necessary, the US could once again unilaterally release reserves to stabilize oil prices.

Mar 21, 2026 16:38