Metals News
No Stockpiling Plans at China NPI Producers for Upcoming Monsoon in Philippines? SMM Reports
smm insight
16:45PM
Source:SMM

SHANGHAI, Aug. 16 (SMM) – The monsoon season is around the corner in Surigao, the Philippines, and Chinese NPI producers usually enter the market in preparation for stockpiling. 

SMM surveys find that most of NPI producers are busy in requiring goods, but some ones in south China have no stockpiling plans, only building normal inventories. 

Philippines Reports 24 Per cent Decline in Nickel Ore Output in 1H 2017

SMM attributes this to following factors. First, current ore prices are high, growing their worries on goods purchases at highs. Second, ore shortages may not be as tight as that seen last year as Indonesia has allowed ore exports. Third, ore shipments from Surigao, the Philippines will fall in the monsoon season, but other mines will keep outward shipments. 

SMM Update of Production Resumption at High-grade NPI Plants in Inner Mongolia after Ban on Coal Transportation by Truck at Caofeidian

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