WEEKLY: China's NPI prices find temporary floor as sellers hold back

China's spot prices of nickel pig iron (NPI) stabilised during the week of November 24-28, as suppliers held onto their cargoes, the results of the latest Mysteel survey showed.

On November 28, Mysteel assessed the spot price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 890/mtu ($126/mtu) including delivery and the 13% VAT, flat from a week earlier. "A number of Chinese traders were not under immediate cash-flow pressure, so they refrained from selling