Exclusive: China's NPI output rose 3.42% MoM to 44,700 mt Ni in August

Published: Sep 7, 2020 10:52

Save

China's NPI output rose 3.42% from July to 44,700 mt Ni in August, but was 15.88% lower than a year earlier. This included 37,400 mt Ni of high-grade NPI, up 3.67% on the month, and 7,400 mt Ni of low-grade NPI, up 2.18% month on month.

SHANGHAI, Sep 7 (SMM) — China's NPI output rose 3.42% from July to 44,700 mt Ni in August, but was 15.88% lower than a year earlier. This included 37,400 mt Ni of high-grade NPI, up 3.67% on the month, and 7,400 mt Ni of low-grade NPI, up 2.18% month on month.

Major large-scale plants stepped up production in August as high-grade NPI prices continued to rise and market supply was tight, and this, combined with commissioning of new capacities, contributed to the increase in NPI output. Increased output at #200 stainless steel mills led to the rise in low-grade NPI output.

China's NPI output

SMM expects China's NPI output to dip 0.09% on the month, and 15.29% on the year, to 44,680 mt Ni in September due to shorter operating rates, with high-grade NPI output inching up 0.11% on the month to 37,400 mt Ni while low-grade NPI output falling 1.12% to 7,300 mt Ni.

NIP Production data

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

[SMM Analysis] Sulfur Market: Supply Contraction & New Energy Surge Keep 2026 Tight.

In 2025, the sulfur market experienced wild swings under the dual impact of multiple supply-side contractions and the rapid release of demand from the new energy sector, with prices rising by more than 200 over the year. Looking ahead to 2026, the tight supply-demand landscape is expected to persist.

5 hours ago

[SMM Stainless Steel Flash] India’s Stainless Steel Industry Faces Supply Gap Amid Rising Domestic Demand

India’s stainless steel sector is grappling with a significant imbalance between domestic capacity and the surging demand for high-quality materials. Despite robust growth in infrastructure and construction, local production struggles to keep pace, while low-priced imports continue to hinder the full utilization of domestic facilities. To address these gaps, industry players are focusing on strengthening local scrap recycling systems and enhancing technical capabilities to meet international standards. Balancing domestic output with consumption remains a critical priority for the long-term stability of India's stainless steel value chain.

5 hours ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

5 hours ago