China High-grade NPI Price to Rise above 800 yuan, SMM Says

Published: Jul 4, 2016 17:56

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High-grade NPI prices climbed above 800 yuan per mtu on Jul. 4, Shanghai Metals Market reports.

SHANGHAI, Jul. 4 (SMM) – High-grade NPI prices climbed above 800 yuan per mtu on Jul. 4, Shanghai Metals Market reports.

One stainless steel mill in Jiangsu raised its procurement price of high-grade NPI above 800 yuan per mtu (price to factory, cash on delivery), according to SMM data.

China Sees Bigger Increases in Nickel Ore Inventories, SMM Reports

Another large mill in north China is also expected to raise its purchase price for July above 800 yuan per tonne, SMM says.

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China nickel ore inventories nickel ore

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.

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