WEEKLY: China's NPI prices inch higher on cost support

China's prices for nickel pig iron (NPI) edged up during the week of July 28-August 1 as firm production costs led suppliers to raise their quotes, Mysteel Global learned.

As of August 1, the spot price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province under Mysteel's assessment stood at Yuan 925/mtu ($128.5/mtu) including delivery and the 13% VAT, up by a marginal Yuan 5/mtu from one week before. NPI producers raised their quotes in the