China NPI Output Grows with Rising NPI Price, SMM Reports

Published: Aug 9, 2017 09:55

Save

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.

npi price npi output china npi output nickel price

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 mins ago

Nickel Futures Retreat, Low-Price Collapse Eases; Market Activity Remains Subdued Before Holiday

[SMM Nickel Flash]February 5 – Supply side, futures retreated compared to the previous period, with no more arbitrage selling in the market. The low-price collapse has subsided, and upstream quotations have gradually returned to normal levels supported by cost. Demand side, downstream buyers are unlikely to make large purchases before the holiday, and market activity remains subdued. Overall, selling sentiment has eased, and high-grade NPI prices have pulled back.

16 mins ago

17 mins ago

SMM High-Grade NPI Price Rises to 1,037.5 Yuan/mtu, Market Sentiment Improves

[SMM Nickel Flash] February 5 - SMM's average price for 10-12% high-grade NPI was 1,037.5 yuan/mtu (ex-factory, tax included), up 7.5 yuan/mtu from the previous working day. The market sentiment factor for high-grade NPI was 2.10, up 0.03 MoM; the upstream sentiment factor was 2.91, up 0.12 MoM; and the downstream sentiment factor was 1.28, down 0.07 MoM.

17 mins ago

54 mins ago

[SMM Analysis]Energy Storage Focus: LFP Batteries Emerge as a Second Marginal Increment to Sulfur Demand

Energy Storage Focus: LFP Batteries Emerge as a Second Marginal Increment to Sulfur Demand

54 mins ago