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Home / Metal News / Rising Nickel and Downstream Purchases Push up China NPI Price, SMM Reports

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

iconJun 29, 2017 10:53
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. 

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

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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

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