WEEKLY: China's NPI prices level off, trades firm

China's nickel pig iron (NPI) prices levelled off during the week ending September 5, Mysteel Global noted. The stability was supported by firmer traded prices, although only one deal was heard concluded in the market over the survey period.

On September 5, Mysteel assessed the spot price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 950/mtu ($133/mtu) including delivery and the 13% VAT, flat from a week earlier. One Indonesia-based Chinese NPI smelter sold 5,000 tonnes of high-grade NPI on September 5 to a