One Hubei Low-Grade NPI Plant Shifts to Producing Rebar

Published: Mar 22, 2017 13:52

Save

One low-grade NPI plant in Hubei, China, started to shift to producing rebar since early 2017, Shanghai Metals Market learns.

SHANGHAI, Mar. 22 (SMM) – One low-grade NPI plant in Hubei, China, started to shift to producing rebar since early 2017, Shanghai Metals Market learns.

The producer mainly produced low-grade NPI (Ni 2.6-2.8%) in 2016, with monthly capacity about 13,000 tonnes.

Upgrade of Production Resumption at Chinese Steel Mills, SMM Surveys

SMM survey finds that domestic steel mills show high interest in restarting or increasing rebar production due to high profits, which stay at around 700 yuan per tonne.

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

npi price npi output china npi output nickel price

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 for 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

57 mins ago

[SMM Nickel Morning Meeting Minutes] U.S. June ADP Employment Increase Misses Expectations; the Most-Traded SHFE Nickel Contract Moves Sideways in Early Trading

[7.3 Morning Meeting Minutes] US June ADP employment increased by 98,000, the smallest gain since March and below market expectations of 118,000. The most-traded SHFE nickel 2609 contract moved sideways in morning trading, closing the session at 125,880 yuan/mt, down 0.41%. A stronger US dollar and a shift in market expectations toward a more "hawkish" US Fed policy stance kept the macro environment challenging. Markets turned their attention to this week's US ADP and non-farm payrolls data. In the short term, nickel prices are expected to trade in the doldrums within the range of 125,000-135,000 yuan/mt.

57 mins ago

16 hours ago

High-Nickel Products Decline, Market Shows Divergence Amid Weak Purchasing Sentiment

[SMM Nickel Flash] July 2 news: High-nickel products saw more significant declines, but market quotations showed increased divergence, with some suppliers still holding firm on prices and their sentiment of holding prices firm remaining strong. The purchasing side exhibited a strong wait-and-see sentiment, with weak purchase willingness and steel mills' expectations to push for lower prices continuing to intensify. Overall trading was sluggish, with only sporadic small orders circulating, and the market lacked centralized transaction guidance.

16 hours ago

SMM High-Grade NPI Sentiment Index Drops, Market Faces Downward Pressure

[SMM Nickel Flash] On July 2, the SMM high-grade NPI market sentiment index stood at 2.01, down 0.02 MoM; the high-grade NPI upstream sentiment index came in at 2.29, down 0.03 MoM; and the high-grade NPI downstream sentiment index was 1.72, down 0.02 MoM. Currently, market expectations for a downturn are clear, and the overall market is under pressure, with suppliers' offers beginning to soften.

16 hours ago