Output Cut News Supports High-grade NPI Price

Published: Oct 10, 2017 11:13
Three NPI producers in major producing regions have received the notice of suspending production, and this has grown market expectation over NPI supply shortages, supporting high-grade NPI price.

SHANGHAI, Oct. 10 (SMM) – Three NPI producers in major producing regions have received the notice of suspending production, and this has grown market expectation over NPI supply shortages, supporting high-grade NPI price.

What’s Impact on Nickel Ore Demand from Nickel Production Cuts in Shandong’s Linyi? SMM Reports

At present, NPI producers in north China make offers at around 920 yuan per mtu (ex-works price, including tax), and supplying volume is low. So far, no deals have been heard.   

One Indonesian NPI Producer Increases Production on Rising Price and China Demand

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

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
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
2 hours ago
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
Read More
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
[SMM Nickel Flash] On September 18, the average price of SMM 10-12% high-grade NPI fell by 33.1 yuan/nickel unit WoW to 1,062.4 yuan/nickel unit (ex-factory, tax included), while the average price of the Indonesia NPI FOB index dropped by $4.06/nickel unit WoW to $137.08/nickel unit. This week, the high-grade NPI market continued to drift lower overall, with the tug-of-war between longs and shorts intensifying.
2 hours ago
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
3 hours ago
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
Read More
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
[SMM Nickel Flash] On September 18, SMM's high-grade NPI market sentiment index stood at 1.79, up 0.02 MoM. The upstream sentiment index for high-grade NPI was 1.86, flat MoM, while the downstream sentiment index for high-grade NPI was 1.72, up 0.03 MoM. The NPI market is currently marked by clear divergence, with a persistent tug-of-war between longs and shorts.
3 hours ago
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
3 hours ago
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
Read More
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
The average price of SMM 10-12% high-grade NPI fell WoW by 33.1 yuan/nickel unit to 1,062.4 yuan/nickel unit (ex-factory, tax included), and the average Indonesia NPI FOB index price fell WoW by $4.06/nickel unit to $137.08/nickel unit. This week, the high-grade NPI market continued to drift lower overall, with the tug-of-war between longs and shorts intensifying.
3 hours ago
Output Cut News Supports High-grade NPI Price - Shanghai Metals Market (SMM)