WEEKLY: China's NPI prices firm on solid cost support

China's spot prices of nickel pig iron (NPI) held stable during the week of December 15-19, supported by the heavy costs smelters are bearing when producing the ferroalloy, the latest Mysteel survey revealed.

On December 19, Mysteel assessed the spot price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 895/mtu ($127/mtu) including delivery and the 13% VAT, flat from a week ago. The price has remained resilient, despite the underlying market weakness, as domestic NPI prices are being