Tight supplies, freight charges drive up import prices of high-grade NPI ore

Published: May 22, 2018 16:44

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Traded prices of high-grade nickel pig iron (NPI) ore, with 1.8% Ni imported from the Philippines, rose to $54/wmt cif as of Tuesday May 22

SHANGHAI, May 22 (SMM) – Traded prices of high-grade nickel pig iron (NPI) ore, with 1.8% Ni imported from the Philippines, rose to $54/wmt cif as of Tuesday May 22, SMM surveyed.

The price stood $0.5/wmt cif higher from prices on April 21. Most of the buyers were plants in south China, SMM learned.

Tight supplies of high-grade NPI ore and higher sea freight charges accounted for the rise in imported prices.

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high-grade NPI ore price tight supply

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