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Home / Metal News / NPI Producers Turn Wary of Ore Purchases, SMM Reports

NPI Producers Turn Wary of Ore Purchases, SMM Reports

iconSep 13, 2017 14:57
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.  

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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.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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