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Home / Metal News / Downstream steel mills showed low inquiry activity, and high-grade NPI prices faced downward pressure in the short term [NPI Daily Review]
Downstream steel mills showed low inquiry activity, and high-grade NPI prices faced downward pressure in the short term [NPI Daily Review]
Apr 18, 2025 11:59Source:SMM
[SMM Daily Review: Downstream Steel Mills Show Low Inquiry Activity, Short-Term High-Grade NPI Prices Under Pressure] On April 17, the average price of SMM 8-12% high-grade NPI was 985 yuan/mtu (ex-factory, tax included), down by 4.5 yuan/mtu compared to the previous working day...
SMM April 18 News,
April 18 News, the average price of SMM 8-12% high-grade NPI was 985 yuan/mtu (ex-factory, tax included), unchanged from the previous working day. Supply side, domestically, current nickel ore inventory at domestic smelters is low, coupled with declining smelter profits, some companies are still in maintenance periods, and overall production remains at low levels. In Indonesia, short-term domestic trade premiums for nickel ore remain stable, smelter costs are strongly supported, and production remains stable despite declining profits. Demand side, stainless steel prices have recently experienced significant declines, market purchasing sentiment is weak, and stainless steel mills have subdued demand for raw material procurement. In the short term, high-grade NPI prices remain under pressure.
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