WEEKLY: China's NPI market steady amid muted trading

China's nickel pig iron (NPI) market remained largely stable over May 23-30, though sentiment was dampened by weakness in the stainless steel sector, with overall trading activity staying subdued throughout the week, Mysteel Global observed.

On May 30, Mysteel assessed the price of high-grade NPI (with 7–13% nickel content) in East China's Jiangsu province at Yuan 965/mtu ($134.3/mtu), up by Yuan 15/mtu from the previous week. However, their sustained losses made domestic stainless steel producers reluctant to purchase high-priced NPI this week. Mysteel's calculations showed