SUPPLY NEWS - Xinxing starts up NPI production in Indonesia

Vivian Teovivian.teo@fastmarkets.comJoint News Editor - Asia

Singapore 11/10/2016 - China's Xinxing Ductile Iron Pipes Co has initiated nickel pig iron (NPI) production on Obi Island in Indonesia's North Maluku province, the company said.

The project's No.1 furnace produced its first NPI on Tuesday, October 4, the company said in a statement that was posted on the website of China's state-owned Assets Supervision and Administration Commission of the State Council (SASAC) this week. It is also carrying out the start-up of its No.2 furnace is.

The project is led by PT MSP - a joint venture between Xinxing and Indonesia's Harita Group - and has capacity of 190,000 tonnes per year of NPI with nickel content of at least 11%.

Indonesia is set to produce 104,760 tonnes of nickel in NPI this year, with output set to rise to 186,840 tonnes next year, China Merchant Futures (CMF) said at Metal Bulletin's nickel conference in Jakarta last month.

PT SMI, Qingdao Hengshun Zhongsheng Group, Zhenshi Group Eastern Special Steel, PT Indoferro, Indonesia Century Metallurgy Co are likely to be the five leading NPI contributors to Indonesian nickel output this year, according to CMF.

PT SMI, which is owned by Tsingshan Holding Group, is likely to produce around 80,000 tonnes of nickel contained in NPI this year.

(Editing by Mark Shaw)

Fastmarkets.com
mailto:press@fastmarkets.com
8 Bouverie Street, London, EC4Y 8AX, UK
+44 (0)845 241 9949

TERMS AND CONDITIONS

The Terms and Conditions for this service are here.

REPRESENTATIONS AND LIABILITY

Fastmarkets represents that:
1. It will supply the Services in a professional way, using the care that can be reasonably expected for this type of business, and in accordance with the practices and policies which are commonly applicable in the information services industry.
2. it is duly empowered to supply the Information and Service(s) to the Client for the purposes specified in this Agreement and that the Service(s) and its use by the Client as specified in this Agreement will not infringe any intellectual property rights of any third party.
Although Fastmarkets will use all reasonable endeavours to ensure the accuracy and reliability of the Services, neither Fastmarkets, the Data Sources, or any third-party provider will be liable to the Client (or any third party) for direct, indirect or consequential loss or damage, including but not limited to loss of data, trading or other economic losses, arising out of any reliance on the accuracy of the Information (including but not limited to data, news and opinions) contained in the Service(s) or resulting in any way from the supply (or failure of supply) of the Services. However, Fastmarkets accepts liability for physical loss or damage to the Site caused by its negligence or wilful misconduct.
Except as expressly stated in this agreement, all express or implied conditions, warranties or undertakings, whether oral or in writing, in law or in fact, including warranties as to satisfactory quality and fitness for a particular purpose, are excluded.
The Client will indemnify Fastmarkets against any loss, damage or cost in connection with any claim or action that may be brought by any third party against Fastmarkets relating to any misuse of the Services by the Client.
To the extent permitted by law, under no circumstances will Fastmarkets liability under this Agreement exceed the Service Fees paid to Fastmarkets by the Client, regardless of the cause or form of action.

PRIVACY POLICY

The Fastmarkets Ltd Privacy Policy is here.