SHANGHAI, May 9 (SMM) – China’s NPI output is expected to keep falling in May following production cuts at domestic NPI producers, Shanghai Metals Market predicts.
What’s Nickel Price Outlook after 5% Drop? SMM Reports
China’s NPI output dropped in April as big losses from high costs led to production cuts or suspension at domestic high-grade NPI producers, especially those in Inner Mongolia and Shandong. Production conditions at domestic low-grade NPI producers were mixed.
Production cuts or suspension at some high-grade NPI producers are continuing as losses remain. Weak demand have triggered production reduction at both some low-grade NPI and stainless steel integrated mills and low-grade NPI plants.
China Nickel Production to Change Little MoM in May, SMM Reports
Hence, SMM expects China’s low-grade NPI output to fall by about 6 per cent in May on a monthly basis.
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