SHANGHAI, Jul. 10 (SMM) – China’s NPI output grew in June on a monthly basis, with reasons below.
First, Jiangsu Delong Nickel Industry restarted stainless steel production in June, and its NPI output increased as a result. Second, some NPI producers in Liaoning grew production with the end of environmental protection inspections in June.
High-grade NPI market rallied from lows from mid June, and registered bigger gain in late June, stimulating production interest at some producers. Hence, SMM expects China’s NPI to grow by about 7-10% in July on a monthly basis.
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