Ferro-nickel cif China discount narrows on growing buying interest over costlier NPI

The discount paid for ferro-nickel with 26-32% nickel content in China narrowed to the lowest level in three months due to increased buying interest following the big rise in the Chinese nickel pig iron (NPI) price, sources said.

Fastmarkets assessed the ferro-nickel premium/discount, 26-32% Ni contained, cif China at a discount of $1,000-1,300 per tonne on Monday September 28, narrowing by $200-300 per tonne from a discount of $1,300-1,500 per tonne on August 28.
The market swung into the discount on July 30, 2018, following the influx of large NPI supplies from Indonesia, and has remained in a deep discount of more than $1,000 per tonne since late last year.

The narrower discount in September compared with earlier months is due...

Published

Sally Zhang

September 29, 2020

10:35 GMT

Shanghai