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China domestic NPI supply to exceed demand in near term
Aug 7,2020 14:45CST
smm insight
There is a sharp rise in nickel prices recently due to capital factors as the short term fundamentals of nickel pig iron (NPI) and stainless steel exceeded expectations, boosting the spot prices of related products. On the other hand, Indonesian NPI resources are eroding the share of the domestic NPI market. The SMM nickel team gives a near term outlook on the NPI market.
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