WEEKLY: China's NPI prices rise on improved sentiment

After remaining unchanged for more than two workweeks, China's prices for high-grade nickel pig iron (NPI) inched higher during the week of July 21-25 thanks to an improvement in market sentiment, Mysteel's latest assessment for the ferroalloy shows.

On July 25, Mysteel assessed the price of NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 920/mtu ($128.6/mtu), including delivery and the 13% VAT, some Yuan 5/mtu up on the previous week. Sentiment in China's NPI markets has picked up as domestic spot prices for stainless