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[Ni] NPI Prices Remain at RMB 3,300/mt
SHANGHAI, Aug. 26 (SMM) -- At present, mainstream offers remained in the RMB 3,300-3,350/mt range for NPI in Linyi region, with relatively sufficient supply, and market insiders believe NPI prices will likely move downward in the near future.
Most producers began signing orders for next month. Although most market players believe there will be high possibility NPI prices will fall, producers were willing to keep current prices of RMB 3,300/mt firm and said order prices for next month will remain at RMB 3,300/mt. However, prices for coke and other raw materials climbed recently, exerting great pressure on NPI producers.
It is reasonable NPI prices will likely slip given sufficient market supply and weary demand. According to market sources, although current offers remained at RMB 3,300/mt or above, actual traded prices were lower than RMB 3,300/mt.
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