China’s NPI Output Falls as RKEF Producers Cut on Depressed Prices
SHANGHAI, Jul. 12 (SMM) – China’s production of nickel pig iron (NPI) fell 1.5% month-on-month in June to 32,000 tons as high-grade producers continued to cut output on depressed prices, according to a survey by Shanghai Metals Market.
Production of high-grade NPI was 27,400 tons last month, in metal content, down 1.8% from a month ago while that of medium- and low-grade NPI were both flat with May’s levels, at 1,100 tons and 3,500 tons, respectively.
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