Premiums of Imported Ferronickel for Q3 Terms Contracts Fall, SMM Reports

Published: Jul 4, 2017 16:50

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Premiums of imported ferronickel for Q3 terms contracts fell, Shanghai Metals Market learns.

SHANGHAI, Jul. 4 (SMM) – Premiums of imported ferronickel for Q3 terms contracts fell, Shanghai Metals Market learns.

What Factors behind Price Recovery in High-grade NPI Market? SMM Reports

Premiums for Ni 20-25% imported ferronickel are around $150-200 per tonne, and $0-50 per tonne for Ni 30-35% ferronickel, down by around $200-250 per tonne in Q2, according to SMM data.

The decline in the premiums is mainly because of sluggish stainless steel prices and loss-making at mills when the negotiations over terms contracts were going through from mid June, SMM notes.

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