Rapidly Expanding NPI Production In The Next Five Years Threatens To Erode The Market Share Of Feni In Downstream Applications

Published: Jun 1, 2023 17:03

Source: SMM

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SHANGHAI, Jun 1 (SMM) – Before 2020, NPI capacity was transferring from China to Indonesia, thus China's market share gradually shrank.

SHANGHAI, Jun 1 (SMM) – Before 2020, NPI capacity was transferring from China to Indonesia, thus China's market share gradually shrank. From 2020 to 2024, Indonesia's NPI capacity showed explosive expansion, causing NPI capacity to shift into a surplus from 2022, while FeNi supply was relatively stable. The downstream sectors of FeNi are mainly stainless steel, alloy and foundry. FeNi will squeeze the market share of pure nickel in stainless steel and will then be eroded by NPI.

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