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Home / Metal News / SMM Forecast on Indonesia NPI Output in Apr

SMM Forecast on Indonesia NPI Output in Apr

Apr 11, 2023 14:19

Source:SMM

With the drop in nickel prices in April, the nickel ore prices in China fell as well, slightly pushing up the profit margins of NPI plants.

SHANGHAI, Apr 11 (SMM) - With the drop in nickel prices in April, the nickel ore prices in China fell as well, slightly pushing up the profit margins of NPI plants. In April, Chinese 300-series stainless steel output will only increase slightly from the previous month. Accordingly, the Indonesia NPI output is expected to grow about 4.8% MoM to 105,000 mt in Ni content, an increase of 11.8% year-on-year.

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SMM Forecast on Indonesia NPI Output in Apr

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