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China NPI Output Up 3.74% MoM in November, Likely to Increase Slightly in December
2021-12-6
China’s domestic NPI output increased 3.74% month on month to 32,200 mt (nickel content) in November, a year-on-year decrease of 20.87%.
The output of high-grade NPI stood at 26,600 mt (Ni content), an increase of 2.3% from October, and the output of low-grade NPI was 5,600 mt (Ni content), up 11.3% on the month.
The NPI plants gradually resumed the production from power rationing in November. The production in Guangxi was normal, and the production in Guangdong was resumed. The plants in Jiangsu, Fujian, and Shandong maintained normal production.
At the same time, the weather in north China was quite cold. The output in Liaoning and some areas in Inner Mongolia declined due to the heavy snow, and the industrial production in the surrounding areas was also reduced due to the environmental protection for the upcoming Beijing Winter Olympics.
The NPI output is expected to stand at 34,000 mt in Ni content in December, up 6% month on month. The high-grade NPI output is likely to stand at 28,400 mt in Ni content in, while the low-grade NPI output to record 5,600 mt in Ni content. The production of low-grade NPI will stand stable. The production in north China may stabilise in the cold weather, but the heavy snow may impact the logistics. The output of high-grade NPI will increase as the plants in Guangdong will resume the production.
The output of high-grade NPI stood at 26,600 mt (Ni content), an increase of 2.3% from October, and the output of low-grade NPI was 5,600 mt (Ni content), up 11.3% on the month.
The NPI plants gradually resumed the production from power rationing in November. The production in Guangxi was normal, and the production in Guangdong was resumed. The plants in Jiangsu, Fujian, and Shandong maintained normal production.
At the same time, the weather in north China was quite cold. The output in Liaoning and some areas in Inner Mongolia declined due to the heavy snow, and the industrial production in the surrounding areas was also reduced due to the environmental protection for the upcoming Beijing Winter Olympics.
The NPI output is expected to stand at 34,000 mt in Ni content in December, up 6% month on month. The high-grade NPI output is likely to stand at 28,400 mt in Ni content in, while the low-grade NPI output to record 5,600 mt in Ni content. The production of low-grade NPI will stand stable. The production in north China may stabilise in the cold weather, but the heavy snow may impact the logistics. The output of high-grade NPI will increase as the plants in Guangdong will resume the production.
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