Three China’s Ni ore Projects in Indonesia launched

316L stainless steel sheet price tend to decrease in the following yaer.
Chinese imports of ferro-nickel will increase as more projects and investment from China will be launched in Indonesia within two years. The Chinese government just implements zero tariffs on imports of ferro-nickel, will also encourage more import.
Chinese companies invested heavily in ferronickel plant in Indonesia, which is to circumvent the ban on exports of nickel ore from the Indonesian authorities. The ban has led to global nickel ore short supply and price increase.
However, ferronickel increased imports would hurt China's domestic nickel pig iron (NPI) producers. NPI is a lower-priced alternative to nickel-iron.
Research institution Antaike (Antaike) senior analyst Xuai Dong said that with the commissioning of at least three factories, Chinese investors from Indonesia in 2015, is expected to import 20,000 to 25,000 tons of low-grade nickel-iron. Based on the Nickel content Based on the metal content of 10%, which is 20-25 tons of nickel iron.
Xuai Dong said, adding that imports in 2016 is expected to reach about 40,000 tonnes of nickel content. In the first 10 months of this year, China imported a total of 1,557 tonnes of ferronickel from Indonesia.
Total imports of ferro-nickel in China surge 67 percent from January to October, the amount will reach up to 231,035 tons, more than 194,828 tonnes in 2013; therefore, stainless steel sheet with high nickel content, like 304 stainless steel sheet and 316L stainless steel sheet.
Under this circumstance, Shanghai Yieh United Corporation has made a great advantages for customers, especially for 316L stainless steel sheet and 304 stainless steel sheet which contains high percent of Nickel.