China NPI Producers Hold Back Sales on Difficulties in Sourcing Supplementary Materials

Published: Sep 21, 2017 15:54

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Domestic low and high-grade NPI producers meet difficulties in buying coke and coking coal, Shanghai Metals Market learns.

SHANGHAI, Sept. 21 (SMM) – Domestic low and high-grade NPI producers meet difficulties in buying coke and coking coal, Shanghai Metals Market learns.

The difficulties came mainly from environmental protection inspections in Shanxi and Inner Mongolia, which tightened supply shortages of coke and coking coal. This also grew production costs at domestic NPI producers.

Nickel Purchases Grow for Upcoming One-Week Holiday

Based on SMM cost model, production costs at high-grade NPI producers in Inner Mongolia are at 960 yuan per mtu and above.

At present, offers by NPI producers in Inner Mongolia are 970-980 yuan per mtu, or even 1,000 yuan per mtu.

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

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