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.
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