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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npi price npi output china npi output Indonesia npi output ferronickel

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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