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

iconSep 7, 2020 10:52
Source: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.

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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