SMM

【SMM NPI Market Transaction Update】SMM reported on April 1 that, according to market sources, a stainless steel mill in east China recently concluded a transaction for high-grade NPI. The transaction price was 1,020 yuan/mtu (CIF, tax included, Ni≥11%), and another transaction price was 1,025 yuan/mtu (delivered to the mill, tax included, Ni≥11%). The total transaction volume was several thousand mt, with delivery scheduled for mid-May.