WEEKLY: China's NPI prices close flat on muted trading

Nickel pig iron (NPI) prices across China's domestic spot markets stayed flat throughout the week ending September 26, as quiet trading had brought the market to a standstill, Mysteel Global noted.

On September 26, Mysteel assessed the spot price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 960/mtu ($135/mtu) including delivery and the 13% VAT, flat from a week earlier. "As stainless steel mills are still losing money on stainless sales, recently they have been cautious