China is likely to produce 400,000 mt, in metal content, of high-grade nickel pig iron (NPI) within this year, we?expects.?
Domestic production of high-grade NPI picked up?after nationwide environmental reviews from May to June. Output is likely to rise 10% from July to 32,800 mt in nickel content this month, according to an preliminary estimate. Resumed operations in Inner Mongolia and Jiangsu province accounted for the increase.
In September, NPI plants in Guangdong province are expected to return to operations after their solid waste disposal systems are upgraded, and this will bolster domestic production?to 35,000 mt in metal content, we?estimates.
However, some plants in Inner Mongolia that failed to pass environmental checks in the previous round of review could be shut?permanently by the end of October. Currently, they are producing?to deplete in-plant stocks of raw materials.
Market participants should monitor?the commissioning of new capacity at?Shandong Xinh