SHANGHAI, Aug. 23 (SMM) – High-grade NPI price stays on its rising track, Shanghai Metals Market learns.
According to SMM, one high-grade NPI producer in Jiangsu sold 5,000 tonnes of goods to a stainless steel mill in south China at price of 1,030 yuan per mtu.
The spot availability is reducing as high-grade NPI producers hold back sales, and this, coupled with the already supply tightness, has sent high-grade NPI up as much as 14 per cent within the month (as of Aug. 23). Over the same period, domestic nickel plate price advanced by 6.6 per cent.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn