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SMM Survey: China's NPI Output in August
SHANGHAI, Sep. 19 (SMM) -- A SMM survey of output at NPI producers in August reveals that China’s physical output of NPI was 334,391 mt in August, up by 1.95% MoM or equaling 18,261 mt of metal output after conversion, up by 30.9% MoM. Almost 59% of metal output is from (10-15%) NPI, 28% is from (4-6%) NPI, and 13% of metal output is from (1.7-1.8%) NPI. The high proportion of metal output from (10-15%) NPI is the major reason NPI metal output growth is higher than NPI physical output growth.
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