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Ferronickel prices likely to rebound slightly amid lower prices of substitutional raw materials
Dec 8,2020 11:15CST
Data Analysis
Source:SMM
SMM high-grade NPI average price on December 4 was 1,030 yuan/mtu (ex-factory, tax included), down 10 yuan/mtu on the week. The purchase prices of high-grade NPI moved between 1,020-1,045 yuan/mtu (delivered to factory, tax included).  The willingness of restocking across steel plants have weakened along with the low stainless steel prices, which had dropped below the costs in all domestic ferronickel plants. This has led to lower transactions amid the ferronickel plants’ low intention of delivery.
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Ferronickel
High-grade NPI

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