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(under review) [selected by SMM Weekly] Philippine mines are gradually resuming NPI production in May compared with April or slightly higher than in April.
May 9,2020 18:07CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

"SMM Nickel Industry chain Weekly report", the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information published for your reference.

The following is an excerpt from the weekly report of the SMM nickel industry chain:

 

 

At the end of July last year, the mining ban in Indonesia fermented, and the mine price gradually rose to an annual high in mid-October last year. At the end of the year, as the news was digested and the reserve cycle of the iron plant was longer, the mine price fell back. However, the recent tight inventory of iron plants, coupled with the Philippine epidemic, caused nickel mines to delay monthly shipments, and a shortage of nickel ore supply in the market. In addition, nickel and iron prices rebounded in April, profits were seriously gradually improved from the previous upside down, and the acceptance of raw material prices was relaxed. Mine prices are rising again.

1.8% of Philippine mines currently have no mines to ship, and there is no market. 1.65% of Indonesia has no supply because of its mineral ban. Since April, the price of nickel and iron has rebounded, rising from 872.5 yuan / nickel point at the beginning of April to 955 yuan / nickel point this week. The recovery of nickel iron price is the main support for the rise of nickel mine prices. If nickel and iron still maintain the state of substantial upside down of previous profits, some manufacturers continue to buy mines with weak willingness to produce, and the possibility of ore prices rising is relatively small. The latest survey shows that Ferro Nickel still reduced in April, but production will pick up in May as high iron prices stabilize and the mine ends ease.

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Main points of this issue's weekly report

Stainless Steel: stainless Steel active Price increase seeks to improve profit acceptance downstream in the short term

Domestic NPI: is expected to be the same as April with the gradual recovery of NPI production in May compared with April.

New production capacity of NPI:NPI in Indonesia continues to be smoothly put into production the topic of labor dispute attracts the attention of the market

High-carbon ferrochromium: news of the return of South Africa the chromium mine began to decline, but the price increase phase has been basically completed.

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[high-end report of China Nickel Industry chain] the monthly report of China Nickel Industry chain includes macro interpretation, review of nickel price within month, interpretation of hot events such as nickel ore, electrolytic nickel, nickel pig iron, stainless steel and ferrochromium, etc., and simultaneous release of monthly relevant enterprise operating rate and inventory research and other data, covering the entire nickel industry chain.

[routine report of China Nickel Industry chain] the Weekly report of China Nickel Industry chain includes macro interpretation, review of nickel prices during the week, market trends such as electrolytic nickel, nickel pig iron, stainless steel and ferrochromium, weekly social inventory and future forecast, and a comprehensive interpretation of the nickel market during the week.

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