NPI Producers Turn Wary of Ore Purchases, SMM Reports

Published: Sep 13, 2017 14:57

Save

Domestic NPI producers took a wait-and-see stance over ore purchases, Shanghai Metals Market survey finds.

SHANGHAI, Sept. 13 (SMM) – Domestic NPI producers took a wait-and-see stance over ore purchases, Shanghai Metals Market survey finds.

Recently, nickel ore price changed along with LME nickel, which staged wide price fluctuations. CIF price for Ni 1.5% ore was offered at $46 per wet tonne, raising downstream purchasing cautious attitude.

Cuba Shuts down Nickel Industry on Hurricane Irma

Moreover, big price fluctuation in the NPI market and on-hand inventories enough for production until December also added to market caution on ore purchases.

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 for 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

21 hours ago

[SMM Analysis] Weak Nickel Caps Chinese Stainless Steel Futures in a Tight Range as Mill Price Discipline

SMM Weekly Stainless Steel Futures Review — week of June 29 – July 3, 2026. Weak nickel and a softening off-season demand backdrop offset firm mill pricing and low inventories, steadying the benchmark contract near RMB 14,655/mt

21 hours ago

22 hours ago

[SMM Analysis] Nickel and Cobalt Salt Prices Weak; Intermediate Product Payables Under Pressure

22 hours ago

[SMM Analysis] Indonesia's nickel ore HMA sharply cut by 7.6%, high inventories in China and Indonesia suppress nickel ore market sentiment

22 hours ago