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Home / Metal News / Profit Margins of NPI Plants to Decrease Slightly

Profit Margins of NPI Plants to Decrease Slightly

May 8, 2023 13:26

Source:SMM

NPI plants gained some profits last week based on the prices of nickel ore purchased 25 days earlier. The nickel ore prices fell rapidly and then stabilised under greater pressure from NPI factories.

SHANGHAI, May 8 (SMM) - NPI plants gained some profits last week based on the prices of nickel ore purchased 25 days earlier. The nickel ore prices fell rapidly and then stabilised under greater pressure from NPI factories. On the other hand, the NPI prices rebounded slightly, gradually encouraging traders to ship their goods. CIF prices of nickel ore ran stably with some upward potential last week.

Recently, the NPI plants have raised their purchase prices of nickel ore to a certain extent with the improvement of their profit margins and the limited downward space of ore quotes. SMM believes that the NPI prices will remain stable with occasional declines this week, and the profit margins of NPI plants will decrease slightly.

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Profit Margins of NPI Plants to Decrease Slightly

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