SHANGHAI, Mar 31 (SMM) – Kechuang, a small-scale high-grade nickel pig iron (NPI) producer in east China’s Jiangsu province, has suspended production after running out of nickel ore.
High costs and falling NPI prices have pushed the producer towards the verge of losses. The company has scaled back operations in recent months, to 300-500 mt per month.
SMM assessed ex-work prices of NPI with 8-12% Ni content in Jiangsu at 865-880 yuan/mtu as of Monday, the lowest in about three years. That was down more than 30% from a peak of 1,255 yuan/mtu in October 2019.