Shanghai Nonferrous Metals News
24 October, SMM: Domestic high NPI prices stood at RMB 1,140~1,160/Ni unit, holding stable from the previous trade day. Domestic high NPI prices have been steady, propped by strong electrolytic nickel prices. Domestic NPI smelters are likely to hold firm on prices going forward, however, given most domestic stainless steel mills are operating against negative margins and depressed stainless steel prices, NPI prices are unlikely rise rapidly in the short term.
