MYSTEEL: China, Indonesia NPI output seen falling 6% MoM in November

The combined output of nickel pig iron (NPI) in China and Indonesia is expected to decline 6.4% on month in November to 168,400 tonnes (nickel contained), with production of medium- and high-grade NPI in the total forecast to fall 6.6% on month to 162,000 tonnes, according to the latest Mysteel survey results. The balance will be low-grade.

The survey covered 10 Chinese smelters and 60 NPI smelting projects in Indonesia, of which 95% are Chinese-invested. The anticipated decline is linked to regular maintenance at Indonesian NPI smelters, a factor expected to weigh on the country's NPI production during the month, Mysteel Global learned. China's NPI output this month