WEEKLY: China's NPI prices stabilise as oversupply woes ease

China's spot prices for nickel pig iron (NPI) remained stable during August 18-22, supported by firmer traded prices now that the persistent supply glut seems to be moderating.

As of August 22, 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 935/mtu ($130/mtu) including delivery and the 13% VAT, flat from a week earlier. Traded prices have climbed further recently, which also incentivised sellers to raise their