Low-grade NPI Advances with Rising Coke Price, SMM Reports

Published: Aug 2, 2017 16:28

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As of last Friday, second-grade metallurgical coke prices advanced to 1,800 yuan per tonne in Shandong’s Linyi, Shanghai Metals Market learns.

SHANGHAI, Aug. 2 (SMM) – As of last Friday, second-grade metallurgical coke prices advanced to 1,800 yuan per tonne in Shandong’s Linyi, Shanghai Metals Market learns.

The price rise added difficulties for low-grade NPI plants in sourcing goods. One low-grade NPI producer in Guangxi said one supplier refused to sell goods due to optimistic outlook, and the NPI producer raised offers from 3,100 yuan to 3,150 yuan per tonne.

High-grade NPI Surges and Supply Elasticity to Miss Expectations, SMM Foresees

Low-grade NPI is estimated to stay on the rising track amid positive sentiment.

Most of low-grade NPI is consumed by #200 stainless steel, and demand from #300 stainless steel market is limited.

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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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