WEEKLY: China NPI prices edge up on cost support, but trading subdued

China's high-grade nickel pig iron (NPI) prices extended their gains this week, buoyed by cost pressures from tightening ore supplies, according to Mysteel's latest survey results.

On March 6, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,095/mtu ($159/mtu) including delivery and tax, higher by Yuan 10/mtu from a week earlier. The price strength stems largely from intensifying supply tightness on the raw material front, Mysteel