April 2012 | Ferro-alloys
Chinese NPI prices still heading south: Nickel Highlights
We take this as an indication that China is seeking alternative ore source.
Chinas NPI producers continue to be buffeted by the considerable fluctuations in the nickel price along with weak demand from the stainless sector. Throughout March, NPI prices continued to decline, offsetting the gains made in January and early February. All quotes for 10% NPI which we have heard are yet again in sub-RMB1,400/tonne territory. By way of comparison, the...
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