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[Ni] NPI Prices Mixed in Domestic Market

iconMay 20, 2009 00:00

SHANGHAI, May 20 (CBI China) -- NPI (1.7-1.8%) prices have risen to RMB 3,000/mt since last week, and moved in the RMB 3,000-3,100/mt range this week. Producers in Shandong province said the ex-works price will likely advance further next month after May orders have been completed due to current shortages of spot supply. In addition, increases in coke price also contributed to the price rise for NPI (1.7-1.8%). Coke price increased by RMB 150/mt to RMB 1,600-1,650/mt.

    However, NPI (10-15%) showed a weak performance, with the price down to RMB 960-980/mtu. Sources report that the orders received by NPI (10-15%) producers were good, and the demand remained stable. The producers said low price for NPI (10-15%) was due to falling nickel price and low purchase price at steel mills.

    Recently, sea freight charges increased. Currently, the spot price of nickel ore recorded no significant rise, and CBI will pay more attention to the nicle ore price in the near future.

 

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