WEEKLY: China's NPI prices stable as market deadlock persists

China's spot prices for high-grade nickel pig iron (NPI) stabilized this week amid a shortened trading week due to the Qingming Festival holiday on April 6, Mysteel's latest survey results show.

On April 10, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,100/mtu ($161/mtu) including delivery and tax, flat from a week earlier. A market source noted that negotiation prices hovered at Yuan 1,070-1,080/mtu portside price including VAT during the week,