Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Sellers Held the Prices of High-Grade NPI Firm

Sellers Held the Prices of High-Grade NPI Firm

Dec 15, 2022 17:29

Source:SMM

As of December 15, SMM Ni 8-12% high-grade NPI was 1,350 yuan/mtu (ex-factory, tax included), flat from the previous trading day.

SHANGHAI, Dec 15 (SMM) - As of December 15, SMM Ni 8-12% high-grade NPI was 1,350 yuan/mtu (ex-factory, tax included), flat from the previous trading day. A steel mill in east China traded at the prices of 1,380-1,390 yuan/mtu (deliver to factory, tax included), and the sellers held a bullish outlook towards the market. On the supply side, the overall inventory declined. On the demand side, most steel mills still had sufficient raw materials inventory, and only some steel mills had stocking needs. But low-priced NPI was hard to find, hence they were forced to purchase high-priced raw materials. At the same time, the inventory of stainless steel increase. As the terminal consumption was still weak, the demand for NPI weakened and enterprises were unwilling to purchase high-priced NPI. NPI prices are expected to remain volatile in the short term and are unlikely to increase significantly.

Market

For queries, please contact William Gu at williamgu@smm.cn

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

Related news

SHFE Tin Stopped Falling and Stabilised, Some Smelters Reduced the Production as TCs Declined

Recently, SHFE tin fluctuated and fell. After falling for three consecutive days, SHFE tin prices stopped falling and fluctuated today. As of noon, LME tin prices rose slightly by 0.22%.

time

Dec 20, 2022 14:48

SHFE Tin Stopped Falling and Stabilised, Some Smelters Reduced the Production as TCs Declined

SMM Evening Comments (Dec 19): Shanghai Nonferrous Metals Closed with Losses as Hawkish Fed Weighed

On the macro front, the US Powell's unexpectedly hawkish stance has increased market concerns about the US economy falling into recession, with overseas central banks following suit in raising interest rates and tightening market liquidity. In China, the Central Economic Work Conference pointed out that the recent focus is on the overall improvement of economy.

time

Dec 19, 2022 18:00

SMM Evening Comments (Dec 19): Shanghai Nonferrous Metals Closed with Losses as Hawkish Fed Weighed

SMM Morning Comments (Dec 5): Base Metals Closed All with Gains on Improving Market Expectations

LME and SHFE base metals closed with gains. As investors took profits ahead of the weekend and US Fed officials delivered speeches on the market outlook, the US dollar pared some of its previous gains and closed down 0.14%, which was bullish for metal prices. In China, the measures for covid control have been adjusted across the country.

time

Dec 5, 2022 10:00

SMM Morning Comments (Dec 5): Base Metals Closed All with Gains on Improving Market Expectations

SMM Morning Comments (Oct 18): Base Metals Closed with Losses on Bearish Macro Sentiment

LME and SHFE base metals closed mostly in the negative zone as the macro sentiment was relatively bearish on linger recession fears.

time

Oct 18, 2022 10:00

SMM Morning Comments (Oct 18): Base Metals Closed with Losses on Bearish Macro Sentiment

NPI Prices Rose Again amid the Tight Supply of Spot Indonesia NPI

On October 13, the NPI market inquiries were active.

time

Oct 13, 2022 17:17

NPI Prices Rose Again amid the Tight Supply of Spot Indonesia NPI

LME aluminium Soared as LME Mulls Possible Ban on Russian Metals

SHANGHAI, Sep 30 (SMM) - Copper, aluminium and nickel prices on the LME soared following news that the exchange was considering a consultation on whether the trading in Russian metals should be banned.

time

Sep 30, 2022 13:44

LME aluminium Soared as LME Mulls Possible Ban on Russian Metals

Prices of Spot Stainless Steel Stayed Stable before the National Day Holiday, and the Cost Support may Weaken

On September 28, spot prices of stainless steel in Wuxi and Foshan markets were stable.

time

Sep 28, 2022 16:51

Prices of Spot Stainless Steel Stayed Stable before the National Day Holiday, and the Cost Support may Weaken

Prospect of the Next Generation Integrated Die-Casting Industry Based on the Development Trend of New Energy Vehicles

At the Automotive New Materials Summit Forum in the Fourth Quarter of 2022—Automotive Large Integrated Die-Casting Industry Development Forum, Tang Rensong, assistant general manager of Ningbo LK Technology Co., Ltd., introduced the current integrated die-casting unit products and their practical applications in detail.

time

Sep 28, 2022 11:48

Prospect of the Next Generation Integrated Die-Casting Industry Based on the Development Trend of New Energy Vehicles

Aluminium Billet Conversion Margin in Foshan was under pressure and Local Arrivals were Restricted by Multiple Factors

Compared with August, the price of SMM A00 aluminium (Foshan) in September rose.

time

Sep 26, 2022 13:12

Aluminium Billet Conversion Margin in Foshan was under pressure and Local Arrivals were Restricted by Multiple Factors

Secondary Refined Lead Smelters Suffered Serious Losses, and They were Reluctant to Sell

The prices of secondary refined lead and SHFE lead prices remained low last week, but according to some companies, the costs of smelters declined slightly as the prices of battery scrap fell.

time

Sep 26, 2022 10:08

Secondary Refined Lead Smelters Suffered Serious Losses, and They were Reluctant to Sell

SMM Events & Webinars

Sep
22
- 2024 NET ZERO CHINA FIELD TRIP
  Sep 22 - 27,2024
  China
Sep
23
- 2024 NET ZERO PV Industry Conference
  Sep 23 - 25,2024
  Hefei, Anhui Province, China
Oct
01
- 2024 SMM LME LONDON WEEK EVENT - THE FUTURE OF GLOBAL METALS MARKET
  Oct 01 - 01,2024
  The future of metals market
  London , the United Kingdom

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.