Nickel Pig Iron Price 2019

Nickel Pig Iron Price 2019. Nickel pig iron contract price to stainless steel mills 1015% nickel The price for high grade nickel pig iron (NPI) with 1015% nickel content delivered dutypaid to stainless steel mills rose to 720750 yuan ($111115) per nickel unit up by 138% this week This was attributed to stainless steel mills restocking at higher bid prices.

Prices increased over 16 percent breaking the US$20000 mark and hitting a more than seven year high “The biggest surprise was the price performance of nickel” Marta Dec of CRU Group told INN.

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NPI is now a proven low cost technology delivering nickel units to the stainless steel industry at a cost of under $8000/t of nickel This technology could deliver nickel sulphate units to the battery market for $13000/t cash costs or less.

Effect of nickel on smelting cost of stainless steel

Increased competition is likely to result in consumers chasing prices higher We do not see any real shortage of class 1 nickel in 2020 but strategic buying may emerge sooner rather than later especially into any price weakness LME nickel cash price $/t 2019 forecast average price $13987 2020 forecast average price $16375.

Electric vehicles push Nickel into the limelight

Jan 26 India iron ore price on 26 January 2022 Jan 26 International iron ore market price on 26 January 2022 Jan 26 Foundry pig iron price in major cities in China on 26 January 2022 Jan 26 Pig iron for steel price in major cities in China on 26 January 2022 Jan 26 China imported iron ore spot price in Rizhao port on 26 January 2022.