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Home / Metal News / [Ni] Low Operating Rates at NPI Producers Lead to Tight NPI Supply in Domestic Market
[Ni] Low Operating Rates at NPI Producers Lead to Tight NPI Supply in Domestic Market
SHANGHAI, July 15 -- LME nickel prices have experienced significant growth since April, and helped drive up NPI prices in domestic markets sharply, which raised the profits of NPI producers. Sources report that orders received by NPI producers in Linyi city, Shandong province, have been relatively high, and a portion of idled NPI producers were preparing for the production resumption.
Current operating rates at NPI producers remained relatively low, but the demand from steelmakers was strong, so NPI supply became tight in spot market. Although LME nickel prices declined markedly recently, offers for NPI have been firm in domestic market. Offers were RMB 1,200-1,250/mtu for NPI (10-15%) and RMB 3,400-3,500/mt for NPI (1.6-1.8%) in domestic market.
(Edited by CBI China)
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