| Products | Prices (RMB/mt) | Average (RMB/mt) | Change (RMB/mt) | Date |
|---|---|---|---|---|
| #1 Refined Nickel | 164,000 - 165,000 | 164,500 | 1350 | 2011-09-01 |
| Regions | Prices (RMB/mt) | Average (RMB/mt) | Change (RMB/mt) | Date |
|---|---|---|---|---|
| Imported, Gansu | 164,500 - 165,500 | 165,000 | 1500 | 2011-09-01 |
| Products | Standard | Prices (RMB/mt) | Average (RMB/mt) | Change (RMB/mt) | Date |
|---|---|---|---|---|---|
| NPI (Nickel Pig Iron) | 10-15% | 1,630 - 1,650 | 1,640 | 0 | 2011-09-01 |
| NPI (Nickel Pig Iron) | 6-8% | 1,560 - 1,580 | 1,570 | 0 | 2011-09-01 |
| NPI (Nickel Pig Iron) | 4-6% | 1,540 - 1,550 | 1,545 | 0 | 2011-09-01 |
| NPI (Nickel Pig Iron) | 1.6-1.7% | 3,650 | 3,650 | 0 | 2011-09-01 |
| Products | Standard | Prices (RMB/mt) | Average (RMB/mt) | Change (RMB/mt) | Date |
|---|---|---|---|---|---|
| Laterite Nickel Ore | 1.9-2.0% | 830 - 950 | 890 | 0 | 2011-09-01 |
| Laterite Nickel Ore | 1.8-1.9% | 730 - 830 | 780 | 0 | 2011-09-01 |
| Laterite Nickel Ore | 1.4-1.6% | 350 - 540 | 445 | 0 | 2011-09-01 |
| Laterite Nickel Ore | 310 - 350 | 330 | 0 | 2011-09-01 |
| Products | Prices (RMB/mt) | Average (RMB/mt) | Change (RMB/mt) | Date |
|---|---|---|---|---|
| #1 Imported Nickel | 164,000 - 164,500 | 164,250 | 1500 | 2011-09-01 |
| #1 Refined Nickel (Golden Camel brand) | 164,500 - 165,000 | 164,750 | 1350 | 2011-09-01 |
| #1 Refined Nickel,Yinyi brand | 164,500 | 164,500 | 1350 | 2011-09-01 |
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From macro-economic statistics; output; imports and exports; surveys, etc. to historical prices concerning China's non-ferrous metals markets and relevant industries.
On macro front, the European debt crisis, expectation of Chinese tightening monetary policies are all negative for nickel prices.
Fundamental factors: domestic and overseas stainless steel market are sluggish; LME nickel prices hit a low of USD 20,200/mt in August, the lowest level in 2011.
SMM’s Survey on China’s NPI Producers is an observation of China’s NPI producers will help investors have clear understanding of China’s nickel industry fundamentals
100 units of foreign currencies in CNY (2012-03-02)
| USD | 629.8 | HKD | 81.21 |
| 100JPY | 774.9 | EUR | 838.99 |
| GBP | 1005.07 |
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