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Home / Metal News /  High-grade NPI Purchase Price Rise Significantly, SMM Learns

High-grade NPI Purchase Price Rise Significantly, SMM Learns

iconJul 26, 2017 17:30
Source:SMM
Following a rapid gain in nickel market, one stainless steel mill in east China’s purchase price for high-grade NPI via trader was up to 900 yuan per mtu, Shanghai Metals Market learns. 

SHANGHAI, Jul. 26 (SMM) – Following a rapid gain in nickel market, one stainless steel mill in east China’s purchase price for high-grade NPI via trader was up to 900 yuan per mtu, Shanghai Metals Market learns. 

One NPI Plant Suspends Production after Coming Back Not Long Ago

The mill required phosphor content below 0.03%. Another mill in north China set the procurement price for high-grade NPI at 860-870 yuan per mtu, according to SMM sources. 

So far, no big trading volumes have been heard, and most of mills are waiting for procurement price released by Zhangjiagang Pohang and Taigang Stainless Steel. 

How Nickel Spot Market Response to Surging Futures Price? SMM Reports

Supply&demand dynamics in the high-grade NPI market improves with commissioning of Tsingshan’s mill in Indonesia and Jiangsu Delong Nickel’s plant, bolstering up the price. 

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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