Indonesia NPI Output Dips 1.4% MoM in Mar on Factories' Low Profit Margin

SHANGHAI, Apr 11 (SMM) - Indonesia NPI output stood at 100,400 mt in Ni content in March, down 1.4% month-on-month and up 24.5% year-on-year. Output from January to March totalled 303,000 mt in Ni content, up 19.4% year-on-year. The overall Indonesia NPI output rose despite the poor demand from stainless steel sector and the reduced construction of power equipment in some factories. The high-grade NPI prices plunged into a free fall in March, once approaching the break-even points of Indonesia NPI plants and weighing greatly on NPI factories.