Rising Nickel and Downstream Purchases Push up China NPI Price, SMM Reports

Published: Jun 29, 2017 10:53

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Recently, the procurement price for high-grade NPI has been rising, Shanghai Metals Market survey finds.

SHANGHAI, Jun. 29 (SMM) – Recently, the procurement price for high-grade NPI has been rising, Shanghai Metals Market survey finds.

Will Indonesia Replace China as Top NPI Producer? SMM Reports

In Fujian, one stainless steel mill in Fujian lifted the procurement price for high-grade NPI up to 840 yuan per mtu (price to factory, including tax), SMM learns.

Rising nickel price and concentrated purchases by mills are two major reasons behind the gain, SMM explains.

Who Will Have Final Say on Nickel Ore Supply in 2017 after Indonesian Ore Reappears? SMM Reports

Last week, trading sentiment in the high-grade NPI market was brisk following enter of stainless steel mills.

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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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