Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / China's NPI output to grow 18% in 2018, SMM forecast

China's NPI output to grow 18% in 2018, SMM forecast

Feb 6, 2018 15:37

Source:SMM

SMM forecast China’s nickel pig iron (NPI) production to hit 500,000 mt in nickel content this year, representing a 18% year-on-year growth.

SHANGHAI, Feb 6 (SMM) – SMM forecast China’s nickel pig iron (NPI) production to hit 500,000 mt in nickel content this year, representing a 18% year-on-year growth.

This is based on considerations of sufficient nickel ore supply and less NPI imports from Tsingshan Group’s operations in Indonesia as its stainless steel project there reaches full capacity.

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

nickel pig iron

NPI

Indonesia

Tsingshan

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

Related news

【SMM Analysis】Weekly Review of Indonesian Nickel Market-4.25

NICKEL ORE Indonesian ore prices remained stable with a slight upward trend in pyrometallurgy, while hydrometallurgical ore prices may experience a downward adjustment. High-Grade NPI The supply-demand imbalance of high-grade NPI may emerge, and prices are likely to remain in the doldrums.

time

Apr 25, 2025 17:19

Analysis Industry

【SMM Analysis】Weekly Review of Indonesian Nickel Market-3.21

NICKEL ORE Indonesian Ore Supply Tightness Continues, Costs and Sentiment May Both Strengthen Under Policy Influence High-Grade NPI High-Grade NPI Cost Support Strengthens, Prices Relatively Stable with Strong Trend

time

Mar 21, 2025 18:36

Analysis Industry

[SMM Analysis] Weekly Review of the Indonesian-1.24 Nickel Market for the second Week of 2025

Nickel Ore Indonesian Domestic Trade Laterite Nickel Ore Transactions Were Active This Week, Prices Fluctuated Upward High-Grade NPI Market Resources Tighten Ahead of Chinese New Year, Post-Holiday Prices Expected to Remain Stable

time

Jan 24, 2025 17:43

Interpreting Global Nickel and Indonesia Stainless Steel Industries: Supply-Demand Dynamics and Outlook"Stainless Steel Industries

"Interpreting Global Nickel and Indonesia Stainless Steel Industries: Supply-Demand Dynamics and Outlook"Stainless Steel Industries**

time

May 8, 2024 18:23

NPI Production Review & Forecast

Indonesia produced 117,900 mt (Ni content) of NPI in March, up 3.51% MoM and 23.9% YoY. In Q1, output rose 19% YoY to 353,700 mt in nickel content. Caused by the limited RKAB approval, smelters are still purchasing nickel ore at a high premium. However, tight supply of nickel ore pushed raw material inventory to fall in March. Considering Lebaran in April, the output of high-grade NPI in April is expected to be 121,000 mt in nickel content, a slight increase of 2.66% MoM. If RKAB approval is still slower than expected, NPI output will be influenced in the future.

time

Apr 15, 2024 22:20

Analysis SMM Comments Industry

NPI Production Review & Forecast

NPI prices inched lower

As of last Friday, the average price of 8-12% high-grade NPI was 954.8 yuan/mtu (ex-factory, including tax), down 3.2 yuan/mtu WoW. Supply side, even though the approved nickel ore quota is increasing, it still takes time for the nickel ore to move from the mine to the smelter. As a result, the current operating rate of NPI producers remains low. Stainless steel and stainless steel scrap prices kept dropping. High-grade NPI is still more cost efficient than stainless steel scrap. The terminal need for stainless steel stayed low, failing to boost the high-grade NPI prices. As a result, it causes a build-up in inventory and is expected to keep NPI prices low.

time

Mar 19, 2024 22:51

Analysis SMM Comments

NPI prices inched lower

Tsingshan and SAIC to Co-Invest in 20 GWH Power Battery Project

SHANGHAI, Mar 25 (SMM) - Ruipu Energy, one of Tsingshan Industry’s subsidiaries, announced on March 24 that Tsingshan Industry and SAIC have signed an agreement to jointly build a 20GWh power battery and system project in Liuzhou, Guangxi, with a total investment of 5.5 billion yuan.

time

Mar 25, 2022 13:51

Tsingshan and SAIC to Co-Invest in 20 GWH Power Battery Project

FENI Supply will be Affected because of Ukrainian-Russian Conflict

Recently, the conflict between Russia and Ukraine has caused many worries in the financial market. With the further aggravation of the situation, both domestic and foreign nickel prices have risen sharply, among which SHFE nickel prices have once again been set a record high.

time

Feb 25, 2022 10:30

FENI Supply will be Affected because of Ukrainian-Russian Conflict

Tsingshan Began to Deliver High-Grade Nickel Matte to Huayou Cobalt

SHANGHAI Feb 10 (SMM) - The followings are the Q&A regarding Huayou Cobalt’s high-grade nickel matte purchase and project.

time

Feb 10, 2022 16:45

Tsingshan Began to Deliver High-Grade Nickel Matte to Huayou Cobalt

Tsingshan Sharply Lowers Purchasing Price of High-Carbon Ferrochrome

According to market news, Tsingshan’s purchasing price of high-carbon ferrochrome for January 2022 is 8,195 yuan/mt.

time

Dec 30, 2021 10:43

Tsingshan Sharply Lowers Purchasing Price of High-Carbon Ferrochrome

SMM Events & Webinars

Sep
15
- NET ZERO CHINA Field Trip
  Sep 15 - 19,2025
  中国
Sep
16
- SMM Indonesia Seminar: Li-ion Battery & Energy Storage
  Sep 16 - 16,2025
  Jakarta, Indonesia
Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.