Market eyes growing NPI supply as ferro-nickel discount deepens to historical low

December 31, 2019 / www.metalbulletin.com / Article Link

The assessment for ferro-nickel with 26-32% nickel content in China fell to a discount of $1,100-1,300 per tonne on Monday December 30, its lowest level on Fastmarkets records and down 71.4% from last month.

Fastmarkets' ferro-nickel premium/discount, 26-32% Ni contained, cif China is now at its biggest discount since the launch of the assessment on January 25, 2016.

Market participants attributed the deepening of the discount to fierce competition from Indonesian nickel pig iron (NPI) supply which has been on the rise over recent years. Sources said...

Recent News

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok