SMM reported on April 17 that, according to market sources, a stainless steel mill in east China concluded a transaction of high-grade NPI today, with a transaction price of 980 yuan/mtu (CIF, tax included, Ni≥11%), Indonesian iron, with a total transaction volume exceeding 10,000 mt, and delivery scheduled for mid-May.
【SMM NPI Market Transaction Update】SMM reported on April 17 that, according to market sources, a stainless steel mill in east China concluded a transaction for high-grade NPI today. The transaction price was 980 yuan/mtu (CIF, tax included, Ni≥11%), Indone
- Apr 17, 2025, at 11:29 am
【SMM NPI Market Transaction Update】SMM reported on April 17 that, according to market sources, a stainless steel mill in east China concluded a transaction for high-grade NPI today. The transaction price was 980 yuan/mtu (CIF, tax included, Ni≥11%), Indonesian iron, with a total transaction volume exceeding 10,000 mt, and delivery scheduled for mid-May.
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The continuous decline in inventory stimulated the rise in premiums, and spot trades were better than yesterday. [SMM South China Spot Copper]
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Copper inventories in major regions across the country decreased by 17,100 mt during the week [SMM weekly data].
