As per SMM research, with distinct slump in market, NPI plants keep bearish at nickel ore price.

Institutes: Iron Ore Demand to Decline in 2018 with China’s De-capacity Policy and Production Limit

SHANGHAI, Dec.7 (SMM)－As per SMM research, with distinct slump in market, NPI plants keep bearish at nickel ore price. Only few plants in short of inventory make inquiry and their acceptable CIF price of Ni1.65% medium-grade nickel ore is $40 per ton. Also, one plant with low inventory in South China arranged a regular maintenance. Large and medium sized plants are sufficient in inventory and plan to purchase when nickel price stabilizes.

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