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WEEKLY: China's NPI prices rise on improved sentiment

Source: Mysteel Jul 25, 2025 15:10
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Nickel Stainless Steel Global Industry
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

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