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Exclusive: China’s NPI output rose 3.27% month on month to 38,600 mt Ni in January

iconFeb 8, 2021 11:12
Source:SMM
China’s NPI output rose 3.27% from December to 38,600 mt Ni in January. This included 31,600 mt Ni of high-grade NPI, up 5.74% on the month, and 7,000 mt Ni of low-grade NPI, down 6.58% month on month.

SHANGHAI, Feb 8 (SMM)—China’s NPI output rose 3.27% from December to 38,600 mt Ni in January. This included 31,600 mt Ni of high-grade NPI, up 5.74% on the month, and 7,000 mt Ni of low-grade NPI, down 6.58% month on month. Strong demand from steel makers and sufficient raw materials inventories encouraged a large-scale NPI plant in east China to ramp up production, which contributed to the sharp rise in high-grade NPI output in January. #200 stainless steel mills in east and south China halted production for maintenance, which led to the steep fall in low-grade NPI output. 

SMM expects China’s NPI output to fall 6.86% on the month to 35,900 mt Ni in February. Output of high-grade NPI is likely to shrink 6.51% to 29,500 mt Ni, while that of low-grade NPI to decline 8.45% to 6,400 mt Ni.

Output data
NPI
High-grade NPI
Low-grade NPI
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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