China NPI Output Grows with Rising NPI Price, SMM Reports

Published: Aug 9, 2017 09:55

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China’s NPI output grew 11.5 per cent to around 35,000 tonnes in July.

SHANGHAI, Aug. 9 (SMM) – China’s NPI output grew 11.5 per cent to around 35,000 tonnes in July.

With surging price of high-grade NPI, profits at domestic RKEF NPI producers improved significantly, and this also encouraged them to run at higher rates, up from 65.5 per cent in June to 72.9 per cent in July.

China Refined Nickel Output to Grow in August, SMM Predicts

Domestic EAF NPI producers, however, showed low production enthusiasm due to market pessimism from previously big losses and no significant improvement in profits so far, which was on the loss-profit brink.

Output at domestic BF NPI producers grew slightly with profits recovering.

One Jiangsu NPI Plant to Restart Production on Optimistic Outlook, SMM Reports

SMM expects China’s NPI production to keep growing in August, with output estimated at 37,400 tonnes.

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 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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