SHANGHAI, Jun. 29 (SMM) – Recently, the procurement price for high-grade NPI has been rising, Shanghai Metals Market survey finds.
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.
Last week, trading sentiment in the high-grade NPI market was brisk following enter of stainless steel mills.
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