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

Price Center 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

SMM Evening Comments (Aug 26): Shanghai Nonferrous Metals Closed Mixed amid Imminent Jackson Hole Speech

Shanghai nonferrous metals closed mixed as the investors stay keen to the imminent Jackson Hole speech to be delivered by Powell, who is expected to provide more clues on the pace and direction US rate hike.

time

Aug 26, 2022 18:00

SMM Evening Comments (Aug 26): Shanghai Nonferrous Metals Closed Mixed amid Imminent Jackson Hole Speech

Is Domestic Excavate Sales Structure Subverting with Exports Accounting for 50% of Total Sales?

In July, the sales volume of excavators in China added 3.4% year-on-year, the first positive growth YoY since May last year. Except for driving forces like the acceleration of the issuance of special bonds and the expedited infrastructure investment, the growth is mainly attributable to strong export orders.

time

Aug 26, 2022 10:55

Is Domestic Excavate Sales Structure Subverting with Exports Accounting for 50% of Total Sales?

Market Concerns over Copper Supply Eased amid Subsiding Impact of Power Rationing and Increased Customs Clearance

SHANGHAI, Aug 26 (SMM) - With the summer heat in east China gradually cooling off, copper smelters in east and central China who slashed their output earlier due to power rationing are now gradually resuming their production.

time

Aug 26, 2022 10:38

Market Concerns over Copper Supply Eased amid Subsiding Impact of Power Rationing and Increased Customs Clearance

Nickel Sulphate Prices to Stay at Highs

SHANGHAI, Aug 22 (SMM) - Inquiries in the nickel sulphate market increased, but the trading volume was limited.

time

Aug 22, 2022 10:56

Nickel Sulphate Prices to Stay at Highs

Silver Prices Fell as Market Interpreted Fed Statement as Dovish, and Power Rationing Has Limited Impacts on Silver Downstream Enterprises

Power curtailment has limited impacts on the downstream silver enterprises, and those that are slightly affected also have informed other related enterprises timely, thus the market supply and demand of silver are relatively stable.

time

Aug 19, 2022 10:46

Industry SMM Insight

Silver Prices Fell as Market Interpreted Fed Statement as Dovish, and Power Rationing Has Limited Impacts on Silver Downstream Enterprises

Output of Aluminium Foil for Aluminium-Plastic Membrane in China will Grow Rapidly to more than 100,000 mt by 2025 amid the Booming New Energy Battery Industry

According to the shape, lithium batteries can be divided into square batteries, cylindrical batteries and soft-packed batteries.

time

Aug 19, 2022 10:38

Output of Aluminium Foil for Aluminium-Plastic Membrane in China will Grow Rapidly to more than 100,000 mt by 2025 amid the Booming New Energy Battery Industry

SMM Morning Comments (Aug 18): Base Metals Closed Mostly Corrected with Easing Market Sentiment

LME and SHFE base metals corrected and mostly closed with losses amid the easing market sentiment. And the US rate hike expectation weakened after the Federal Reserve released its July meeting minutes, showing that for the first time, Fed policymakers acknowledged the risk of excessive interest rate hikes and thought that interest rate hikes might be slowed down at some point in the future

time

Aug 18, 2022 10:00

SMM Morning Comments (Aug 18): Base Metals Closed Mostly Corrected with Easing Market Sentiment

SMM Morning Comments (Aug 9): Base Metals Closed Mostly with Gains on Falling US Dollar

LME and SHFE base metals closed mostly with gains after the US dollar index closed down on the news that the chairman of the Fed in San Francisco said that the interest rate might be raised by 50 basis points next time.

time

Aug 9, 2022 10:00

SMM Morning Comments (Aug 9): Base Metals Closed Mostly with Gains on Falling US Dollar

Default of Copper Concentrate Contract at Qinhuangdao Port Struck the Copper Industry

As of Friday August 5, the SMM Imported Copper Concentrate Index (weekly) stood at $73.38/mt, $1.72/mt higher than the previous week.

time

Aug 8, 2022 15:22

Default of Copper Concentrate Contract at Qinhuangdao Port Struck the Copper Industry

The Most Traded SHFE lead Contract Fell Slightly, and the Discounts of Secondary Refined Lead Narrowed Slightly Last Eeek

The discounts of secondary refined lead over SMM 1# lead ingots narrowed slightly by 50 yuan/mt from 300-250 yuan/mt to 250-200 yuan/mt. The discounts narrowed mainly because the prices of SMM 1# lead ingots dropped slightly amid the slight decline in SHFE 2209 lead contract.

time

Aug 8, 2022 13:03

The Most Traded SHFE lead Contract Fell Slightly, and the Discounts of Secondary Refined Lead Narrowed Slightly Last Eeek

SMM Events & Webinars

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

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.