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Home / Metal News / The High-Grade NPI Market Remains in a Stalemate; Prices May Continue to Fluctuate Relatively Stable with a Strong Trend in the Short Term [NPI Daily Review]

The High-Grade NPI Market Remains in a Stalemate; Prices May Continue to Fluctuate Relatively Stable with a Strong Trend in the Short Term [NPI Daily Review]

iconFeb 24, 2025 17:53
Source:SMM
[SMM Daily Review: High-Grade NPI Market Still in a Stalemate, Prices May Fluctuate Relatively Stable With Strong Trend in the Short Term] February 24 - The average price of SMM 8-12% high-grade NPI was 974 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu compared to the previous working day...
SMM reported on February 24 that on February 24, the average price of SMM 8-12% high-grade NPI was 974 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu from the previous trading day. Supply side, domestically, domestic smelters remain in a loss-making phase, and production schedules are expected to operate at low levels. In Indonesia, a major production area has adjusted its production pace to reduce operating loads. Additionally, high-grade nickel ore resources in Indonesia are currently tight, with grades in major production areas generally declining, and metal content is expected to trend downward. Demand side, stainless steel spot prices saw a slight decline, with sluggish market transactions. Stainless steel mills, having previously stocked up inventories and benefited from improved cost-effectiveness of stainless steel scrap, have shown weakened demand for high-grade NPI. However, supported by costs and tight spot supply, prices are expected to remain relatively stable with a strong trend in the short term. 》Subscribe to view SMM historical spot metal prices

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