Announcement on the Addition and Discontinuation of SMM High-Grade NPI Price Points

Published: Dec 27, 2024 09:34

Source: SMM

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SMM has decided to adapt to market development needs by adding new SMM high-grade NPI price points and discontinuing some existing price points as appropriate.

Dear Users,

In recent years, the nickel and stainless steel industry chain has undergone continuous evolution. During SMM's ongoing research on the nickel and stainless steel industry chain, it has been observed that the price differences between grades of high-grade NPI, a key raw material for stainless steel, have become more pronounced. To reduce the trading risks and costs for upstream and downstream clients using SMM high-grade NPI prices, and after a period of market consultation and evaluation, SMM has decided to adapt to market development needs by adding new SMM high-grade NPI price points and discontinuing some existing price points as appropriate.

The specific adjustments are as follows:

1. Additions: "8-10% High-Grade NPI (Ex-works)", "10-12% High-Grade NPI (Ex-works)", "10-12% Indonesian High-Grade NPI (Port price, VAT-included)", "12-14% Indonesian High-Grade NPI (Port price, VAT-included)".

The launch date is January 2, 2025 (working day).

2. Discontinuations: "8-12% High-Grade NPI (Ex-works - Inner Mongolia)", "8-10% High-Grade NPI (Ex-works - Jiangsu)", "8-10% High-Grade NPI (Ex-works - Shandong)", "8-10% High-Grade NPI (Ex-works - Liaoning)".

The discontinuation date is March 31, 2025 (working day).

3. Discontinuations: "8-12% High-Grade NPI (Ex-works)", "10-14% Indonesian High-Grade NPI (Port price, VAT-included)".

The discontinuation date is December 31, 2025 (working day).

SMM Nickel Research Team
Contact: Cong Wang wangcong@smm.cn
Contact: Menghua Jin jinmenghua@smm.cn
December 26, 2024

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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