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SMM reported on March 12 that, according to market sources, a recent transaction of high-grade NPI was concluded at an Indonesian smelter. The transaction price was 1,000 yuan/mtu (ex-warehouse, tax included, Ni≥11%), and another transaction price was 1,010 yuan/mtu (ex-warehouse, tax included, Ni≥11%). The total transaction volume exceeded 10,000 mt, with delivery scheduled for late April.
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