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Home / Metal News / Supply surge weighs on prices of high-grade NPI

Supply surge weighs on prices of high-grade NPI

Sep 17, 2018 13:26

Source:SMM

Price spread of high-grade NPI and nickel turned into discounts as of Friday Sep14

SHANGHAI, Sep 17 (SMM) – The price spread of high-grade nickel pig iron (NPI) and nickel in the Chinese market turned into discounts as of Friday September 14 as supplies grew significantly in September, SMM learned.

Discounts stood at 3.50 yuan/mtu as of Monday September 17.

Two major stainless steel mills in east China are expected to import some 40,000 mt in physical content of high-grade NPI in September, after they failed to import any in May-August. A producer in the east also added 30,000 mt in physical content of high-grade NPI into the market earlier this month.

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High-grade nickel pig iron

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Feb 25, 2022 10:30

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FENI Supply will be Affected because of Ukrainian-Russian Conflict

China’s Imports of Nickel Ore and NPI Dropped MoM in November

China imported 4.01 million mt of nickel ore and its concentrate in November, a decrease of 10% from the previous month and a year-on-year increase of 12%, According to General Administration of Customs.

Dec 21, 2021 10:52

Analysis

China’s Imports of Nickel Ore and NPI Dropped MoM in November

SMM Evening Comments (Dec 31): Shanghai nonferrous metals fell across the board

SHFE nonferrous metals broadly fell on Thursday December 31 as multiple markets closed early for New Year's Eve.

Dec 31, 2020 18:00

SMM Comments

SMM Evening Comments (Dec 31): Shanghai nonferrous metals fell across the board

SMM Morning Comments (Dec 29): LME base metals were mostly higher after trading resumed

Shanghai base metals mostly cruised lower on Tuesday morning, while their counterparts on the LME rose for the most part as market sentiment was boosted after Trump signed into law the $2.3 trillion pandemic aid and spending package.

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SMM Comments

SMM Morning Comments (Dec 29): LME base metals were mostly higher after trading resumed

SMM Morning Comments (Dec 9): Shanghai base metals and the LME complex mostly advanced

Nonferrous metals on the SHFE were mostly higher on Wednesday morning, while their counterparts on the LME also advanced for the most part.

Dec 9, 2020 10:01

SMM Comments

SMM Morning Comments (Dec 9): Shanghai base metals and the LME complex mostly advanced

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Dec 8, 2020 18:00

SMM Comments

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Shanghai base metals traded mixed on Friday morning, as investors continue to wait for a result from the US election. Meanwhile, their counterparts on the LME were mostly higher.

Nov 6, 2020 09:55

SMM Comments

SMM Morning Comments (Nov 6): Shanghai base metals performance mixed as US election uncertainty remains

SMM Evening Comments (Sep 17): Shanghai nonferrous metals fell across the board

SHFE nonferrous metals fell across the board on Thursday September 17.

Sep 17, 2020 18:02

SMM Comments

SMM Evening Comments (Sep 17): Shanghai nonferrous metals fell across the board

SMM Morning Comments (Sep 17): Nonferrous metals fell across the board after the Fed hints low rates until 2023

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Sep 17, 2020 10:01

SMM Comments

SMM Morning Comments (Sep 17): Nonferrous metals fell across the board after the Fed hints low rates until 2023

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SHFE nonferrous metals rose for the most part on Tuesday September 15 as China's investment and consumption data in August improved on the macro level, leading to the optimistic investment sentiment.

Sep 15, 2020 18:17

SMM Comments

SMM Evening Comments (Sep 15): Shanghai nonferrous metals closed mostly higher, tin fell 0.23%

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Supply surge weighs on prices of high-grade NPI

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