SHANGHAI, Apr 13 (SMM) - In April, NPI prices will be on a downward track amid the high NPI inventory and slack demand. In such a context, the NPI plants will cut their purchase prices of nickel ore. Mines in the Philippines and nickel ore traders may cut their quotes amid the gradual end of the rainy season. SMM presumes that the NPI and nickel ore prices will drop further with the improvement in the weather conditions in the Philippines. Ni 1.5% ore prices will move between $48-52/wmt on a CIF basis in April.
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