WEEKLY: China's NPI prices level off as customers lose interest

China's prices for high-grade nickel pig iron (NPI) held steady this week, as momentum for higher prices was increasingly tempered by mounting pressure from stainless steel producers complaining of losses, according to Mysteel's latest survey.

On March 20, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,110/mtu ($161/mtu) including delivery and tax, flat from a week earlier. During the week, the NPI market was impacted by the difficulties facing the ferroalloy's buyers in the stainless