Premiums of High-grade NPI over Imported Ferronickel to Narrow in September

Published: Sep 11, 2017 18:06

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In August, premiums of high-grade NPI over imported ferronickel were $1,013 (Ni content), up sharply by $ 363 or 56 per cent from July’s, according to SMM data.

SHANGHAI, Sept. 11 (SMM) – In August, premiums of high-grade NPI over imported ferronickel were $1,013 (Ni content), up sharply by $ 363 or 56 per cent from July’s, according to SMM data.

Wait-and-See Attitude Prevails High-grade NPI Market

The big rise in the premiums is due mainly to sales holding-back by some traders and Chinese yuan’s appreciation.

The premiums are expected to narrow in September, but to stay at highs, SMM foresees.

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