The market trading atmosphere is active, and prices are rising. It is expected that prices will fluctuate upward in the short term. [NPI Daily Review]

Mar 14, 2025, at 3:40 pm

[SMM Daily Review: Active Market Transactions and Price Increase, Short-Term Prices Expected to Fluctuate Relatively Stable with Strong Trend] March 14—The SMM 8-12% high-grade NPI average price was 1,009 yuan/mtu (ex-factory, tax included), up by 4.5 yuan/mtu compared to the previous working day...

On March 14, the SMM 8-12% high-grade NPI average price was 1,009 yuan/mtu (ex-factory, tax included), up by 4.5 yuan/mtu compared to the previous working day. Supply side, domestically, as the rainy season in the Philippines nears its end, nickel ore output remains relatively tight. Nickel ore prices are stable, and smelters' production motivation is weak, leading to low production levels. In Indonesia, some production lines in major production areas have not shown significant recovery, coupled with lower-than-expected nickel ore output, resulting in overall stable production levels. Demand side, stainless steel production schedules are expected to maintain an upward trend. With stainless steel scrap prices rising, the raw material cost-effectiveness has weakened, but downstream demand for high-grade NPI remains optimistic. In the short term, high-grade NPI prices are supported by stronger costs and tightening supply and demand, and prices are expected to remain relatively stable with a strong trend.

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The market trading atmosphere is active, and prices are rising. It is expected that prices will fluctuate upward in the short term. [NPI Daily Review]

CITIC Pacific Special Steel Announced the Tender Price for High-Carbon Ferrochrome in March 2025, with the Tax-Inclusive Factory Acceptance Price for High-Carbon Ferrochrome (Processed Lump) Set at 8,100-8,150 yuan/mt (50% metal content) [Steel Tender Upda

Weekly Review of Tungsten Market on March 14 [SMM Tungsten Weekly Review]