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WEEKLY: China's NPI market at impasse on cost support, buyer pressure

Source: Mysteel Apr 03, 2026 18:10

China's spot prices for high-grade nickel pig iron (NPI) stabilized in the March 30-April 3 week on cost support, even as bid-ask spreads widened significantly, Mysteel's latest survey results show.

On April 3, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,100/mtu ($160/mtu) including delivery and tax, flat from a week earlier. Indonesian nickel ore prices remained strong amid tight supply, providing firm cost support for NPI. RKAB nickel mining